Glassnode: Investors should lower expectations after Bitcoin halving

Golden Finance reported that Bitcoin has recently ushered in its fourth halving, that is, the halving of block rewards has reduced supply inflation and increased the scarcity of issuance. However, Glassnode emphasized that investors should not be blindly optimistic. Historical data shows that the positive effects of halving may gradually weaken. Glassnode believes that the current cycle is different from the previous one. Bitcoin broke through the all-time high before the halving. This is a phenomenon that has not appeared in previous cycles. In this halving event, the unrealized profits held by investors were significant. .