Analyst views Bitcoin's current 7.61% pullback as relatively mild.

Huoxing Finance reports that on October 9, CryptoQuant analyst MAC_D stated that Bitcoin declined from its October 5 high of $87,027 to its October 9 low of $80,404, retracing approximately 7.61%, which is close to the average retracement of 7.58% during the 2022–2025 bull cycle but still below the overall historical average retracement of 14.39%. By analyzing Bitcoin bull cycle retracement metrics, the decline from阶段性 high points across various bull cycles can be compared. The average retracements for the 2010–2011, 2011–2013, 2015–2017, and 2018–2021 cycles were 18.41%, 21.71%, 10.93%, and 19.39%, respectively, with the most recent cycle showing a relatively mild retracement. He noted that applying the historical overall average retracement of 14.39% to the recent high suggests a potential price level of approximately $74,500, which could serve as a reference for further downside. He believes investors may consider gradually accumulating BTC around $80,000 and increasing purchases in the $74,000–$75,000 range.