According to a recent report by The Block, Glassnode has analyzed Bitcoin's performance and found that it is following a similar pattern to that of past bull markets. This indicates that demand for the cryptocurrency remains resilient, and any corrections are likely to be limited in scope. The report's findings suggest that the current correction is relatively minor compared to historical corrections. Demand appears to be absorbing selling pressure, and key metrics such as True-Market Mean and Active Investor Price are holding up well above their baselines. This suggests that investors remain bullish on Bitcoin despite the recent price drop. The report's conclusions are supported by other on-chain data, which shows that long-term holders continue to accumulate Bitcoin. This suggests that the current correction is likely to be a short-term phenomenon, and that Bitcoin is well-positioned to continue its upward trajectory in the long term.