Bull Cycles Historically Accompanied by Drawdowns: Glassnode

IconCryptoNewsTerminal Staff26 Jul, 2024

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Bull Cycles Historically Accompanied by Drawdowns: Glassnode

On-chain analytics firm Glassnode has highlighted that Bitcoin has historically experienced significant price increases during bull cycles. However, these cycles have also been marked by numerous sharp drops along the way. Glassnode's analysis of the current cycle reveals the following drawdowns: 8 drawdowns of 5% to 20% 2 drawdowns of 20% to 30% * No drawdowns of 30% or more This data suggests that while Bitcoin has seen substantial growth during this bull cycle, it has not been without periods of volatility. Investors should be aware of the potential for future drawdowns and adjust their strategies accordingly.

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