According to Glassnode, The four-year cycle playbook many relied on is failing to play out this $BTC bear market.
The previous three cycles saw drawdowns more than twice as deep, with bottoms taking weeks to form.
This time, $BTC is just 30% below its ATH and already recovering.
With each passing week, a late capitulation to previous cycle lows looks increasingly unlikely.
#Bitcoin #BTC Price Analysis# #Macro Insights#
The previous three cycles saw drawdowns more than twice as deep, with bottoms taking weeks to form.
This time, $BTC is just 30% below its ATH and already recovering.
With each passing week, a late capitulation to previous cycle lows looks increasingly unlikely.
#Bitcoin #BTC Price Analysis# #Macro Insights#
