‘Flush’, Not Crypto Cycle ‘Failure’

Bitcoin’s four-day drop to $104,000 triggered what analysts call a “defensive rotation” among crypto investors, but onchain data suggests the correction was a healthy reset rather than the start of a broader market crash.

Bitcoin (BTC) experienced a four-day crash last week, falling from $115,000 on Oct. 14 to a four-month low of $104,000 by Friday, a level last seen in June, TradingView data shows.

Despite the decline, analysts said the correction flushed out excess leverage, prompting investors to shift from chasing gains to protecting…