Glassnode: The bull market trend of Bitcoin has reduced its retracement degree, and most of the retracements are about 25%.

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ODAILY
a day ago
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Odaily Odaily News Glassnode official posted on the X platform that "Interestingly, as the market grows, the severity of Bitcoin's retracements in the bull market uptrend has decreased. The deepest retracement in this cycle was -32% (August 5, 2024), while most pullbacks were only about 25% below the previous high, reflecting the demand for spot ETFs and growing institutional interest."

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