- 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.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.PiCK News
[Today's Global Trending Coins] Solana, Bitcoin, KIP Protocol & Others
12 minutes ago![[Today's Global Trending Coins] Solana, Bitcoin, KIP Protocol & Others](https://media.bloomingbit.io/prod/news/b55f2664-30c3-41cf-8886-68507f3e042d.webp)
[Analysis] "Bitcoin liquidity flow indicator turns negative... signals bearish market"
3 hours ago![[Analysis] "Bitcoin liquidity flow indicator turns negative... signals bearish market"](https://media.bloomingbit.io/prod/news/a7d96066-629b-4384-a3c0-7c3d9bd5e55c.webp)
"Over 600,000 New Coins Launched Last Month Alone... Will Alt Season Be Delayed Due to Liquidity Dispersion?"
14 hours ago
"Hong Kong Financial Authorities Consider Introducing Virtual Asset Leverage and Inverse ETFs"
17 hours ago
'Trump Effect' Expectations Soar... 'Bold Forecasts' for Altcoins
18 hours ago
Ranking News