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Glassnode: Bitcoin's pullback magnitude during a bull market uptrend is gradually decreasing, reflecting rising ETF demand and institutional interest

2024-12-21 19:35

BlockBeats News, December 21st, Glassnode stated in a post that, "With the growth of the crypto market, Bitcoin's pullback magnitude during a bull market uptrend has gradually decreased. The deepest pullback in this cycle was -32% (August 5, 2024), while most pullbacks were only around a 25% drop from the previous high, reflecting increased demand from spot ETFs and rising institutional interest."

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