Glassnode: The extent of Bitcoin's pullback in the bull market trend is gradually decreasing, reflecting the rising demand for ETFs and institutional interest
On December 22, Glassnode stated that as the crypto market grows, the extent of Bitcoin's pullbacks in a bull market trend is gradually decreasing. The deepest pullback in this cycle was -32% (August 5, 2024), while most pullbacks were only about 25% lower than previous highs. This reflects an increase in demand for spot ETFs and rising institutional interest.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 86,800 SOL transferred to a certain exchange, worth approximately $11.95 million
In the past 7 days, only 5 public blockchains had fee revenues exceeding $1 million.
Data: If ETH falls below $2,882, the total long liquidation volume on major CEXs will reach $962 millions.
Musk: Grok is open-source software, anyone can use it for free
Trending news
MoreCrypto prices
More
