At this stage, the price of Bitcoin is fluctuating around $110,000, but market data shows that over 91% of holders are still in a profitable state. This data suggests that despite the short-term adjustments in the market, we are far from reaching a "Depth correction".

Compared to past market cycle bottoms, such as the 80% plunge in Bitcoin prices in 2018 or the over 30% losses in holdings due to the collapse of cryptocurrency projects in 2022, the overall health of the current market is significantly higher. This is mainly attributed to the lower average holding costs of institutional investors and long-term holders, as well as the increasing number of steadfast long-term investors, which alleviates the selling pressure in the market.

Historically, such "shallow pullbacks" often provide investors with good entry opportunities. The current market adjustment resembles more of a "technical consolidation" rather than the beginning of a new bear market.

It is worth noting that the Bitcoin halving event is approaching, which may have a significant impact on future market trends. Investors should closely monitor market dynamics, analyze cyclical patterns rationally, and prepare for potential market surges.

However, the cryptocurrency market is highly volatile, and investors should carefully consider and thoroughly assess risks before making any investment decisions. At the same time, it is important to continuously monitor changes in regulatory policies and the macroeconomic situation, as these factors can significantly impact Bit prices.