A Golden Finance report states that encryption KOL and industry analyst Lark Davis believes that the current retraction in the encryption market is just a "breather" rather than the end of the bull run. He points out that in December 2020, BTC fell by 12% after a significant increase, but then rose by 136% in the next 23 days. The current drop of about 13% is occurring after a similarly strong performance in the fourth quarter. However, Lark Davis also points out that BTC may further retract by 10-15%, but emphasizes that BTC and the broader cryptocurrency market still have sufficient momentum. In addition, industry insiders believe that adjustments during the price discovery phase are common and necessary, usually lasting for several weeks, and the bull run cycle usually occurs up to four times.