According to The Kobeissi Letter, the S&P 500 Information Technology sector has dropped 11.0% since its December high, officially entering a correction. This marks the third drawdown of at least 10% over the last 2 years, with Magnificent 7 stocks leading the decline.

According to The Kobeissi Letter, the S&P 500 Information Technology sector has dropped 11.0% since its December high, officially entering a correction. This marks the third drawdown of at least 10% over the last 2 years, with Magnificent 7 stocks leading the decline.

According to Miles Deutscher, the recent BTC correction saw a significant -28.5% drawdown from its peak, marking one of the largest corrections in this cycle. Historically, drawdowns between 20-30% have often presented lucrative buying opportunities, potentially even for short-term bounces.

According to Trader Tardigrade, Dogecoin has experienced a significant 57% drawdown, a pattern that has historically preceded major bull runs in previous cycles. This recent pullback and retest of a key support level suggest a potential bullish trend for Dogecoin leading into 2025. This historical precedent could be crucial for traders looking to capitalize on upcoming market movements.

According to Trader Tardigrade, Dogecoin reached a local top of $4.84 on December 8, 2024, experiencing a maximum drawdown of 58% over the past 78 days. This information is crucial for traders as it highlights a significant price correction, indicating potential volatility and risk in trading Dogecoin. The data is essential for assessing current market sentiment and devising future trading strategies.

According to Miles Deutscher, a significant number of the top 100 cryptocurrencies have experienced notable drawdowns over a 90-day period, with 8 out of the top 20 being meme coins. This indicates a high level of volatility and risk associated with meme cryptocurrencies, which traders should consider when making investment decisions.