Glassnode’s data show a significant change in Bitcoin’s behavior.
Bitcoin’s ROI and volatility are lower than those of previous cycles.
Lower drawdowns and volatility reflect Bitcoin’s evolution into a more stable asset class.
Data from Glassnode, a financial metrics and analysis platform, shows a significant change in Bitcoin’s behavior in the current market compared to previous bull cycles. Glassnode’s post sheds light on how Bitcoin’s ROI, return on investment, since the cycle low of the last bear market compares with the previous cycles.
According to Glassnode’s data, Bitcoin had a 5.90x ROI between 2015 and 2018, gaining nearly six times its initial price during the 2017-2018 bull cycle. The flagship crypto returned a higher profit during the following bull run, rising by 10.47x from its lowest level between 2018 and 2022.
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However, Bitcoin’s post-2022 cycle has seen a 2.98x ROI, a 29.94% deficit from the average of the previous two cycles. It is worth noting that the Bitcoin market has shown reduced volatility during market corrections in the current cy…
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