ChainCatcher news, The Block CEO Larry Cermak pointed out in The Scoop podcast that there have been at least three instances of a 20% drop in previous crypto bull markets. He said, "Even the recent drop has not reached 20%. In historical bull markets, this usually happens once or twice, and sometimes even three times. It can clear out over-leveraged positions in the market and build momentum for the next rally." Larry Cermak added, "Clearing out over-leverage is beneficial. Of course, bull markets often end this way."