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

Collection

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."

source

warnning

Risk warning

Related tags

Bitcoin bull market ETF demand pullback magnitude

Related reading

The founder of Strategy claims that the decline in BTC is due to the rotation of funds into AI rather than "issues with Bitcoin itself," and JPMorgan warns that the legislative window for the CLARITY Act is closing

2026-06-05 10:09

Analysis: The Bitcoin engine of Strategy has malfunctioned, putting pressure on all three types of investors

2026-06-05 09:16

Chainalysis: Gray market peptide suppliers are rapidly shifting to Bitcoin and stablecoins, with a year-on-year surge of 159% in crypto inflows in Q1

2026-06-05 08:24

Beisent: The U.S. Strategic Bitcoin Reserve Plan is steadily advancing

2026-06-04 20:27

Related tags

Bitcoin bull market ETF demand pullback magnitude

app_icon

ChainCatcher Building the Web3 world with innovations.