Glassnode： The pullback of Bitcoin in the bull market is gradually decreasing, reflecting the increasing demand for ETFs and institutional interest

BlockBeats News, on December 21st, Glassnode posted that "as the cryptocurrency market grows, the retracement of Bitcoin in the bull market uptrend gradually decreases. The deepest retracement in this cycle is -32% (August 5, 2024), while most retracements are only about 25% lower than the previous high, reflecting increased demand for spot ETFs and rising institutional interest