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Glassnode: The pullback magnitude of BTC in the Bull Marketrise trend is gradually decreasing, reflecting the rise in ETF demand and institutional interest.
On December 21st, Glassnode stated that 'With the rise of the crypto market, the pullback amplitude of BTC in the Bull Market rise trend is gradually decreasing. The deepest pullback in this cycle was -32% (August 5, 2024), while most pullbacks were only about 25% lower than the previous high point, reflecting the increase in demand for Spot ETFs and the rise in institutional interest.'