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BTC's maximum drawdown from each ATH is converging. Is this a coincidence or inevitable? Shallower drops are inevitably determined by the 'chip structure' and 'supply-demand relationship.' So, in a bear market, who exactly is the main force distributing on the supply side? If they're 'almost done selling,' does that mean the bear market is also nearing its end? Through data analysis and backtesting, we've discovered some interesting points...