Current Dip in Digital Assets: A Typical Bull Market CyclennVenture capitalist Chris Burniske explains that the recent decline in digital assets is normal within a bull market cycle.nnIn a post on the social media platform X, Burniske, who previously led crypto at Cathie Wood’s ARK Invest and is now a partner at Placeholder, cites earlier corrections from the 2021 bull market cycle that eventually led to new peaks.nn## Historical Drawdownsn“In the middle of 2021:n* – BTC drew down 56%* n* – ETH drew down 61%* n* – SOL drew down 67%* n* – Many others 70-80%+nnYou can theorize about why this cycle is different, but the mid-bull reset we are experiencing is not without precedent. Those predicting a complete bear market are misinformed.”nn### Current Market StatusnAt the time of writing, Bitcoin (BTC) is down 20% from its all-time high, Ethereum (ETH) is down 50%, and Solana (SOL) is down 51%.nnEarlier this month, Burniske described BTC’s sluggish performance as a “mid-cycle top,” reminiscent of April, May, June 2021, when many proclaimed it was over, only to see a significant rally in the second half of 2021.nn### Raoul Pal’s PerspectivenFormer Goldman Sachs executive and current Real Vision CEO Raoul Pal agrees with Burniske. Pal, known for his bullish stance on crypto, views the current correction as merely a speed bump on the way to new highs.nn“You all need to learn patience…nThis is just like 2017. The macro structure is nearly identical: n – 5 x 28%+ pullbacks in BTC* n* – Most lasted 2 to 3 months before a new high* n* – Alts experienced 65% corrections.* n* – All of this is just noise.* nGo do something else more constructive than stare at the screen.”nnSource: Raoul Pal/X