Analysis: Bitcoin's recent decline is relatively mild, consistent with historical bull market patterns

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Cointime2024/10/10 05:33

By:Cointime

On October 10th, Glassnode analysts stated that despite fluctuations in Bitcoin prices, recent market activity reflects a certain degree of resilience. They added that the current bear market cycle has seen relatively small declines and continues to follow the patterns observed during the previous market uptrend.

Wednesday's Glassnode Onchain Newsletter stated that despite recent pullbacks, the overall structure of the Bitcoin market remains consistent with historical bull markets, reflecting both demand resilience and limited recent corrections. The report emphasized that although Bitcoin has undergone adjustments, these corrections have been much milder compared to previous cycles.

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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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14