ChainCatcher Message, Glassnode's latest research report reveals several structural similarities between the current Bitcoin bull market and the 2015-2018 cycle. First, data shows that the actual market value (Realized Cap) in the current cycle has increased by 2.1 times, which is significantly lower than the previous cycle's peak of 5.7 times. Secondly, this growth trend may reflect a maturity in the market's understanding of Bitcoin and changes in investor behavior. Finally, although the growth rate has slowed, the market continues to develop steadily, laying the foundation for potential future volatility.