Analysts: BTC has pulled back 50% and may show resilience to US stock market corrections, following a trend similar to 2014.

On-chain analyst Willy Woo stated that while the stock market frequently hits new highs, Bitcoin has already pulled back by 50%, thus possessing strong resilience against potential stock market downturns. He added that the last time a similar situation occurred was after the crash of the Mt. Gox incident in 2014. At that time, U.S. stocks continued to rise while Bitcoin gradually climbed, even as the stock market fell into a bear market. It was only later when the stock market returned to a bull phase that Bitcoin ushered in the major bull run of 2017.