Analysis: Bitcoin's cyclical upward trend continues, undiminished by market capitalization growth

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On June 15, glassnode published an analysis stating that although Bitcoin's current market capitalization is far higher than before, the performance of this cycle is not significantly different from the past:

· 2015–2018: Increased by 1076%;

· 2018–2022: Increased by 1007%;

· 2022 to date: Increased by 656%.

This indicates that market demand for Bitcoin is growing in line with its increasingly mature pace—a impressive signal of continued investor interest.

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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.
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