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Glassnode: The extent of Bitcoin's pullback in the bull market trend is gradually decreasing, reflecting the rising demand for ETFs and institutional interest
Bitget2024/12/21 22:19
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.
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