Glassnode: Bitcoin's pullbacks in the bull market uptrend are gradually decreasing, reflecting the rise in ETF demand and institutional interest

avatar
Blockbeats
5 hours ago
This article is machine translated
Show original
On December 21, reported that "as the cryptocurrency market grows, the magnitude of Bitcoin's corrections during the bull market uptrend is gradually decreasing. The deepest correction in this cycle was -32% (August 5, 2024), while most corrections were only around 25% below the previous highs, reflecting increased spot ETF demand and rising institutional interest."

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments