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