NBA legend Scottie Pippen has called for calm among investors as Bitcoin experiences a significant price correction. The cryptocurrency fell from its all-time high of $126,296 on October 5 to $107,000, with over $11 billion in positions liquidated in a single day. This downturn has seen long-term holders distribute approximately 240,000 BTC over the past month, the largest distribution wave since January 2025. Analysts caution that Bitcoin's key support level is now at $100,000, and a breach could indicate the end of the current three-year bull cycle. Despite the volatility, on-chain data suggests sustained demand for Bitcoin, and Pippen's message of patience has resonated with many long-term investors.