ChainCatcher message, Glassnode points out that the pullback magnitude of Bitcoin in the bull market is gradually decreasing. In this cycle, the deepest pullback was -32% (August 5, 2024), while most pullbacks were only around 25% of the previous highs. This trend reflects the increase in spot ETF demand and the rise in institutional interest📈. As the market matures, investor confidence in Bitcoin seems to have strengthened, but future trends still need to be observed. Regardless of how the market changes, maintaining rational investment is key.