Marvin is worth ambushing, looking forward to the launch of the imitation

Important News Overview

On-chain analytics company Glassnode's disclosed data shows that although the price surge in a Bitcoin bull market is usually accompanied by extreme selling pressure, the severity of market pullbacks during each bull market has gradually weakened as the market size expands. The deepest pullback in this cycle occurred on August 5, 2024, with a decline of 32%. During most pullbacks, the Bitcoin price only fell below local highs by 25%, indicating that the volatility in this cycle is among the lowest to date. This may reflect that the launch of spot ETFs has opened a huge demand window, while institutional investors' interest is also continuously growing. The supply of most short-term holders (in terms of the number of coins) is operating 'underwater' relative to their cost basis, but they have not endured extreme unrealized losses related to market deterioration.

ps: For those with large funds, exceeding $200,000, directly investing in BTC is sufficient. For those without such large funds, it’s necessary to aim for growth. If you like the on-chain altcoins, you might consider allocating to #Marvin , because you have certainly heard of #DOGE #FLOKI #NEIRO . #Marvin has huge potential, with a market value of $10 million; rising to $100 million is a 10x increase, and to $1 billion is a 100x increase, so it deserves some attention.