Glassnode: Current BTC price performance is very consistent with the 2018-2021 cycle

Bitget App

Trade smarter

2024/03/31 15:12

By:

ChainCatcher news, blockchain analysis company Glassnode posted on the social platform and disclosed that as the price of Bitcoin fell by 15.4% from its latest high of $73,000, this price performance is very consistent with the previous cycle of 2018-2021.

It is reported that relative to the 2018-2021 cycle, the market performance is almost the same as in December 2020 in terms of duration and distance from the peak in April 2021.

Data shows that Bitcoin prices hit US$73,100 on March 13, fell to a low of US$61,800 on March 20, and then recovered to the US$70,000 range. When the market encountered resistance, Bitcoin investors had sold and made profits of more than 26 billion, marking an increase in profit-taking incidents. A total of 2 million Bitcoins moved from "profitable" status to "lossy" status as the price retreated from its all-time high to recent lows.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

JPMorgan warns that if Strategy is removed from MSCI, it could trigger billions of dollars in outflows. The adjustment in the crypto market is mainly driven by retail investors selling ETFs. Federal Reserve officials remain cautious about rate cuts. The President of Argentina has been accused of being involved in a cryptocurrency scam. U.S. stocks and the cryptocurrency market have both declined simultaneously. Summary generated by Mars AI. This summary is produced by the Mars AI model and its accuracy and completeness are still being iteratively improved.

MarsBit•2025/11/21 06:08

Mars Morning News | Federal Reserve Hawks Speak Out, Asset Price Crash Risk May Become New Obstacle to Rate Cuts

Citibank and SWIFT complete pilot program for fiat-to-crypto PvP settlement.

Cointime•2025/11/21 04:39

Pantera Partner: In the Era of Privacy Revival, These Technologies Are Changing the Game

A new reality is taking shape: privacy protection is the key to driving blockchain toward mainstream adoption, and the demand for privacy is accelerating at cultural, institutional, and technological levels.

深潮•2025/11/21 04:36