VanEcks Sigel Shows Current Bitcoin Pullback is Natural, Says He Continues to Accumulate
VanEck's Matthew Sigel shows how the ongoing Bitcoin pullback is a natural part of its cycle, confirming that he has continued to accumulate.Bitcoin's recent dip below $80,000, followed by a swift recovery above $81,000, has triggered concerns among investors that the crypto market's bull run might be losing steam. Sigel Shows Current Bitcoin Pullback NaturalHowever, Matthew Sigel, VanEck's Head of Digital Assets Research, recently stepped in to calm these fears, suggesting that the current 25% drop from its all-time high of $109,600 aligns with historical patterns. In a casual disclosure on X, Sigel pointed to past bull cycles, revealing that massive corrections occur regularly before Bitcoin reaches new peaks.https://twitter.com/matthew_sigel/status/1895455747116544461The analyst called attention to Bitcoin's performance during previous rallies. In 2017, as Bitcoin climbed to $20,000, it endured seven corrections ranging from 27% to 41%. Similarly, in 2021, on its way to $69,000, the cryptocurrency faced six pullbacks between 17% and a staggering 55%. The current 25% correction is similar to these past dips, suggesting that volatility remains a natural part of Bitcoin's growth trajectory. When asked if this indicates that he is not concerned, Sigel confirmed that he's constantly accumulating assets while others sell.Several Analysts AgreeInterestingly, in a separate commentary, analyst Rekt Capital echoed Sigel's disclosure, spotlighting Bitcoin's first "Price Discovery Corrections" across cycles. In 2013, Bitcoin plummeted 75% over 13 weeks, while 2017 saw a 34% drop in just 3 weeks. Further, the 2021 cycle experienced a 31% decline over 4 weeks. https://twitter.com/rektcapital/status/1895090272662425934Now, in 2025, Bitcoin's 25% correction has unfolded over 11 weeks, shallower than most historical precedents but closer in duration to 2013. Rekt Capital noted that while this pullback nears the typical 30% threshold, its extended timeline shows the market is maturing.Meanwhile, Crypto Caesar also confirmed that corrections like this one fit comfortably within bull market patterns. Notably, he acknowledged that Bitcoin could still dip below this level, a sentiment shared by Standard Chartered, but is confident that Bitcoin's upward trajectory continues.
Text source: The Crypto Basic
