Summary
- Glassnode reported that the speed at which the Bitcoin cycle reaches its all-time high has slowed down compared to the past.
- It was stated that in the bull markets of 2017 and 2021, Bitcoin surpassed its all-time high 2 to 3 months faster than it does now.
- They noted that caution is needed as recent profit-taking and speculative activities have increased.
It has been observed that the speed at which Bitcoin (BTC) reaches its all-time high in its cycle has slowed down.
On the 25th (local time), Glassnode posted on X (formerly Twitter), stating, "During the bull markets of 2017 and 2021, Bitcoin surpassed its all-time high 2 to 3 months faster than it does now."
They added, "While past trends are only useful as reference materials, caution should be exercised as recent profit-taking and speculative activities have increased."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
