Glassnode: The pullback amplitude of Bitcoin in the bullish uptrend is gradually decreasing, reflecting the rise in ETF demand and institutional interest

2024-12-21 19:37:49

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ChainCatcher message, Glassnode stated, "As the crypto market grows, the pullback of Bitcoin in the bullish trend is gradually decreasing. The deepest pullback in this cycle was -32% (August 5, 2024), while most pullbacks were around a 25% drop from previous highs, reflecting the increased demand for spot ETFs and rising institutional interest."

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Bitcoin bull market ETF demand pullback magnitude

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