Glassnode: Bitcoin is still in a relatively early stage of price discovery
Data analysis company Glassnode posted on X platform stating that compared to historical cycles, Bitcoin is still in a relatively early price discovery stage. The data shows that in previous frenzied stages, Bitcoin prices have experienced multiple pullbacks of over 10%, with most of them being even larger with pullbacks of over 25% being very common. However, in this current cycle, since Bitcoin broke its historical high, there have only been two corrections of around 10%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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