VanEck: Bitcoin Pullback Is a Mid-Cycle Adjustment, Not a Bear Market Signal

ChainCatcher reported that asset management company VanEck stated that the recent pullback in bitcoin prices is a normal mid-cycle correction, rather than the beginning of a new bear market. VanEck pointed out that current market leverage levels have returned to normal, on-chain activity continues to rise, and liquidity is still driving the current cycle forward.