ChainCatcher message, Glassnode indicates that the growth of the cryptocurrency market is showing new trends! The pullback of Bitcoin in a bull market is gradually decreasing, indicating the maturity and stability of the market. In this cycle, the deepest pullback was -32% (August 5, 2024), while most pullbacks were around 25% down from previous highs. Behind this phenomenon, the increased demand for spot ETFs and rising institutional interest have played an important role. As market participants diversify, market volatility may further decrease, providing new opportunities and challenges for investors.