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.
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