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Bitcoin's Cycle-Based Growth Rate Significantly Decreases

Source
Uk Jin
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  • It was reported that Bitcoin's cycle-based growth rate has shown a trend of decreasing over time.
  • In the past three cycles, Bitcoin's growth rate from the bottom decreased to 122 times, 21 times, and 5.7 times.
  • In the current cycle, it recorded a 2.1 times growth rate from the bottom, while falling 6.19% from the previous day.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

The cycle-based growth rate of the leading cryptocurrency, Bitcoin (BTC), has been shown to decrease with each cycle.

According to data shared by the analytics firm Glassnode on X (Twitter) on the 3rd, Bitcoin's growth rate from the bottom in the past three cycles was 122 times (2011~2015), 21 times (2015~2018), and 5.7 times (2018~2022). As the cycles repeated, the growth rate itself decreased.

Currently, Bitcoin's growth rate in this cycle is recorded at 2.1 times from the bottom.

Meanwhile, Bitcoin is currently trading at $93,653, a sharp drop of 6.19% from the previous day.

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wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.