During the Bitcoin bull cycle, prices typically experience exponential growth, yet this is accompanied by periodic steep declines, which are the natural results of market dynamics and changes in investor sentiment. Data provider Glassnode reported that in the current Bitcoin cycle, there have been eight downturns with decreases ranging from 5% to 20%, indicating a certain degree of stability in the market. Additionally, it's worth noting that this cycle has also experienced two more significant withdrawals, each within the 20%-30% range, further emphasizing the high volatility and cyclical adjustment needs of the Bitcoin market. This data not only reflects the complexity and unpredictability of the Bitcoin market but also provides investors with insights into market trends and risks.