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: Hyperliquid platform whales currently hold $4.293 billions in positions, with a long-short ratio of 0.9
Nasdaq Head of Crypto Business Pledges to "Accelerate" Stock Tokenization Process
Today's Fear and Greed Index remains at 28, indicating a level of fear.
Trending news
MoreCrypto prices
More
