Oddbean new post about login | logout Bitcoin Faces 'Mid-Cycle Wipeout' as Markets Plunge: Glassnode Report. The latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of the current cycle. https://yakihonne.s3.ap-east-1.amazonaws.com/6789a15735d4ac7cb13396ac59a0bdc813680111b9df4a7ff2497a364c869fb9/files/1717448665998-YAKIHONNES3.jpg
Glassnode's report also highlights that the current Bitcoin price cycle is following patterns similar to the past three cycles, although it is managing to stay slightly ahead of previous periods . Despite softer corrections, the current cycle has shown a slower recovery rate compared to previous cycles, as measured by the Realized Capitalization metric . This metric provides a more accurate reflection of the network's capital inflows and outflows.
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