Is the peak of the Bitcoin Bull Market approaching? What is the mystery behind the weakening pullback?

Friends, Bitcoin has once again shocked the market with its crazy surge and unexpected pullback! When BTC quickly retraced 15% after hitting a new all-time high, are you also wondering: Is this the end of the Bull Market or just a temporary lull before the climax? 📉🚀

Weakening pullback: Bull Market heading towards stability?

According to Glassnode's latest research, despite the significant pullback in Bitcoin, the volatility of this cycle has significantly decreased. The deepest decline this year was 32%, with most pullbacks staying within 25%. This is one of the periods with the smallest fluctuations in Bitcoin history, perhaps reflecting the gradual stabilization of the market due to the institutional demand sparked by the spot Bitcoin ETF.📊

Imagine that with the participation of institutional investors, the market's confidence in Bitcoin is growing stronger. Does this mean that the Bitcoin market is entering a more mature stage?

Long-term holders are making a fortune, and new investors are taking the stage!

Data shows that long-term holders of Bitcoin have realized a profit of $2.1 billion, a new high in history. Meanwhile, Bitcoin dominated the market sell-off in the 6 to 12 months, bringing a profit distribution of $27.3 billion. Does this transfer of wealth from long-term holders to new investors mean that we are stepping into the later stage of the Bull Market?💰

Glassnode pointed out that although the proportion of wealth of new investors has increased significantly, it has not yet reached the level of the peak of the historical bull run. This may indicate that the speculative nature of the market has not been fully released, and the story of the bull run is not over yet! 📈

AVIV Ratio: The Bull Market is not over yet

By analyzing the AVIV ratio (an indicator of market profitability), Glassnode found that the market has not yet reached an overheated state. This means that Bitcoin still has room to rise, and the market may continue to be active before the profit impulse of ordinary investors is released. This is a really exciting signal!🎉

How to seize the current bull run opportunity?

In the face of these data and trends, professional analysis is particularly important. Mlion (experience please visit: mlion.ai) as an AI investment research assistant in the Web3 field, provides you with real-time market insights and accurate price predictions. In addition, ML SWAP also supports cross-chain exchange of BTC, making your asset management more flexible and efficient!🔍

mlion.ai📢 It is summarized that the bull run of Bitcoin may have entered the later stage, but the market has not yet overheated, and there is still a huge space for operation. It's time to seize the opportunity with wisdom and make investment decisions at this turning point! But don't forget that the market is risky and investment needs to be cautious.💡

For more news updates, analysis, price predictions, and SWAP cross-chain exchanges, please visit: 🤖👉mlion.ai
The above content is for information sharing only and does not constitute any investment advice!
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