Analysis: There have been at least three 20% declines in previous bull markets, and this pullback has not yet touched the

Speaking on The Scoop podcast, The Block CEO Larry Cermak noted that previous crypto bull markets have seen at least three 20% declines, saying, ‘Even the most recent one didn't reach 20%. In historical bull markets, this usually happens once or twice, sometimes even three times. It clears the market of over-leveraged positions and builds strength for the next leg up.’ Larry Cermak adds: ‘Removing excessive leverage is beneficial. And, of course, bull markets tend to end this way.’