Bitcoin has experienced a significant decline, falling approximately 30% from its peak of $126,000 on October 6. This downturn has turned its year-to-date gains negative, with less than a 1% increase over the past year. According to Zerohedge, global liquidity is currently $7 trillion higher than the last time Bitcoin was at this price level. This marks the third 30% pullback in the current cycle, with each occurring more rapidly than the previous one. CoinBureau reports that Bitcoin's Relative Strength Index (RSI) has dropped to 26, indicating it has entered oversold territory. Despite the downturn, over 95% of short-term holders are facing losses, while Bitcoin whales are actively purchasing at these lower price levels, suggesting potential confidence in a future rebound.