According to BlockBeats, crypto data analysis company Glassnode said in a report released on April 12 that compared with historical cycles, the current Bitcoin bull market frenzy phase (price discovery phase) may have just begun. Glassnode pointed out that in previous frenzy phases, Bitcoin prices have repeatedly experienced a retracement of more than 10%, most of which were larger, and a retracement of more than 25% was very common. However, in this cycle, there have been only two corrections of about 10% since Bitcoin broke through its all-time high.