PANews reported on December 21 that Glassnode published an analysis on the X platform, saying that as the crypto market grows, Bitcoin's callback amplitude in the bull market upward trend is gradually decreasing. The deepest callback in this cycle was -32% (August 5, 2024), while most callbacks were only about 25% lower than the previous high, reflecting the increased demand for spot ETFs and the rise in institutional interest.

Glassnode: Bitcoin ETF demand and institutional interest rise, and the extent of the correction gradually decreases