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Recent market drawdowns are examined, particularly the significant decline of cryptocurrencies from their all-time highs. Current sentiment among investors reflects a heightened sensitivity to price fluctuations, even when the drops are not historically alarming. It is noted that periodic drawdowns are common in bull markets and can help shake out overly leveraged positions, potentially setting the stage for future gains. Overall, while the end of the year appears rocky, the broader landscape indicates relative health in the market.