ChainCatcher news, according to CryptoQuant analyst Axel Adler Jr, who posted on Twitter: "In this round of the Bitcoin bull market cycle, most local peak pullbacks have concentrated in the 10% to 18% range, while deeper corrections typically extend to 20% to 30%. At the 12.8% range, we are closer to mild corrections, which aligns with a recovery/consolidation phase rather than a full-scale sell-off."