[Analyst: Bitcoin's Current 12.8% Pullback from ATH Is Closer to a Moderate Zone Rather Than a Full-Blown Sell-Off] According to a report by Jinse Finance, CryptoQuant analyst @AxelAdlerJr shared a chart indicating that Bitcoin (BTC) has currently pulled back 12.8% from its all-time high (ATH). In this bull market, most pullbacks after local peaks have been concentrated in the -10% to -18% range, while deeper corrections typically extend to -20% to -30%. The current -12.8% pullback is closer to the moderate zone, aligning with a recovery/consolidation phase rather than a full-scale sell-off.