Bitcoin (CRYPTO: BTC) has seen a significant drop of 15% over the past week, falling below $62,000. Macro investor Raoul Pal suggests that this decline is not indicative of a bear market but rather a typical correction within an ongoing bull market. On the podcast 'When Shift Happens,' Pal highlighted that Bitcoin has historically undergone multiple 50% drawdowns during bull phases, asserting that the current trend follows a familiar pattern of correction. He pointed out that while previous corrections often led to quick recoveries, this one has been notably prolonged and volatile. Market dynamics are evolving, with stablecoins and tokenization gaining prominence, leading some to question the traditional four-year crypto cycle. Despite this, Pal maintains a bullish outlook, citing supportive liquidity conditions and global investment trends. He believes that advancements in artificial intelligence, data-center construction, and infrastructure spending could usher in new capital flows into digital assets. Furthermore, he argues that investors should focus on blockchain infrastructure, as the shift toward tokenized assets and AI-driven finance presents significant opportunities for growth.