Editor's PiCK
"Bitcoin Correction Magnitude Gradually Decreasing... Mostly at -25% Level"
Son Min
Summary
- An analysis has emerged indicating that the correction magnitude of "Bitcoin" is gradually decreasing.
- It was reported that most Bitcoin corrections in the current cycle have been around -25%.
- This is evaluated to be due to the demand for Bitcoin spot ETFs and the increase in institutional investors.
An analysis has emerged indicating that the correction magnitude of Bitcoin (BTC) is gradually decreasing.
On the 20th (local time), Glassnode stated via X that "as the virtual asset (cryptocurrency) market grows, the correction magnitude of Bitcoin in a bull market is decreasing," adding that "the largest correction in this cycle occurred on August 5th at -32%." It further noted, "Most corrections have been around -25% from the peak," evaluating that "this is due to the demand for Bitcoin spot ETFs and the increase in institutional investors."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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