Glassnode analysts emphasized that the recent declines in Bitcoin (BTC) remain weak compared to similar declines in previous cycles.
On-chain analysis platform Glassnode, with the corrections Bitcoin has experienced in the bull cycles of the past years declines in this cycle compared.
In the upward cycle we are in, the price You witnessed a decrease of at most 20%Analysts stating that this rate has increased in previous cycles up to 61% He reminded me that he was lying down.
Especially 2021 The 61% correction seen in 2018 resulted in the liquidation of hundreds of millions of dollars of futures positions. Another big fix is 2022 In the cycle in with a rate of 38% was recorded.
This situation is both the current cycle is stronger While it was interpreted that Bitcoin was able to stand firm against the sales, investors were warned against the potential for a deeper correction:
When considering the rate of Bitcoin bull market corrections by cycle, an increasing level of immunity can be seen throughout our current cycle. Currently the largest decline has reached only -20.1%, which pales in comparison to historical precedents.
According to CoinGecko data, in the last 2 weeks 14.9% Bitcoin losing value at the time of writing from $40,125 is being traded.