According to Odaily Planet Daily, Glassnode officials said that as the market grows, the severity of Bitcoin retracements in the bull market has decreased. The deepest retracement during this cycle was -32% (August 5, 2024), and most retracements were only about 25% below the previous high. This reflects the demand for spot ETFs and growing institutional interest.
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Glassnode: Bitcoin's retracement level has decreased in the bull market, reflecting the increase in demand for spot ETFs
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BTC
96,935.99
-0.48%
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