{"id":151997,"date":"2025-02-26T11:00:07","date_gmt":"2025-02-26T09:00:07","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=151997"},"modified":"2025-02-26T10:30:14","modified_gmt":"2025-02-26T08:30:14","slug":"venture-capitalists-call-current-crypto-dip-a-typical-mid-bull-market-correction","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/venture-capitalists-call-current-crypto-dip-a-typical-mid-bull-market-correction\/","title":{"rendered":"Venture Capitalists Call Current Crypto Dip a Typical Mid-Bull Market Correction"},"content":{"rendered":"

Burniske, a former head of crypto at ARK Invest and now a partner at Placeholder, shared<\/a> <\/strong>his thoughts on X, referencing similar pullbacks that happened during the 2021 bull market, which were eventually followed by new all-time highs.<\/p>\n

He highlighted that Bitcoin (BTC<\/a><\/strong>) fell 56%, Ethereum (ETH<\/a><\/strong>) 61%, and Solana (SOL<\/a><\/strong>) saw a 67% dip at the time, while other assets experienced declines of 70-80% or more. Burniske argues that despite the reasons people give for why this cycle may be different, such mid-bull corrections are common and not a sign of a full-blown bear market.<\/p>\n

Currently, Bitcoin has dropped 20% from its peak, Ethereum is down 50%, and Solana has fallen 51%. Burniske previously pointed out that Bitcoin\u2019s underwhelming performance is reminiscent of the “mid-cycle top” seen in 2021, noting how many believed the market was done before it surged in the second half of that year.<\/p>\n