On October 10, Glassnode analysts said that despite the volatility of Bitcoin prices, recent Bitcoin market activity reflects a certain degree of resilience. They added that the decline in this bull market cycle is relatively small and continues to follow the pattern observed in the previous market uptrend. Wednesday's Glassnode Onchain Newsletter stated that despite the recent pullback, the overall structure of the Bitcoin market remains consistent with the historical bull market, which reflects both the resilience of demand and the limited size of the recent correction. The report emphasized that although Bitcoin has experienced adjustments, these adjustments are much milder than in previous cycles.