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[Analyst: BTC has retraced 50%, may show resilience against U.S. stock market correction and resembles 2014 trend] Deep Tide TechFlow reports that on October 16, on-chain analyst Willy Woo stated that while the stock market continues to hit new highs, Bitcoin has already retraced by 50%. Therefore, it should exhibit strong resilience in the face of a potential stock market correction. He further noted that the last time a similar pattern occurred was after the 2014 Mt. Gox crash. At that time, U.S. stocks continued to rise, followed by Bitcoin gradually climbing upward, while the stock market entered a bear phase. It wasn't until the stock market returned to a bull phase later that Bitcoin experienced the major bull run of 2017.