Crypto KOL, industry analyst Lark Davis, based on historical data analytics, believes that the current crypto market pullback is just a "bull market respite" rather than an "end of the bull market". He said that in December 2020, Bitcoin fell by 12% after a sharp rise, but rose by 136% in the next 23 days. The current decline of around 13% follows an equally strong performance in the fourth quarter. However, Lark Davis pointed out that further pullbacks of 10-15% are still possible in Bitcoin, but at the same time stressed that there is still enough momentum in Bitcoin and the broader cryptocurrency market. In addition, industry insiders also believe that price discovery phase corrections are both common and necessary, usually lasting for several weeks, and bull market cycles usually occur up to four times.