Looking at BTC's mean deviation patterns this cycle - we're seeing something unusual. Past dips typically bottomed around 25% below trend, but this recent correction hit 32% at its worst.

Here's the interesting part though. When you zoom out to the 10-year growth trajectory, that "deep" dip? Still looks underpriced. The long-term math hasn't broken - Bitcoin's holding above what historical growth models would suggest as fair value.

Market's testing resolve, but the fundamentals remain intact.