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The chart shows that over the last quarter, the maximum price 'drops' on the 5-minute timeframe reached -10% in early June and -12% in mid-month, while the average weekly drawdown (green line) holds at 3.8%. The current pullback of -6% is within normal volatility range, being only 2.2% deeper than average and far from extremes.
Despite the unpleasant visual effect, the current drawdown fits within a standard consolidation cycle.