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Glassnode: Data shows that there is still potential pump space for BTC in the current market stage
BlockBeats news, on January 30th, Glassnode stated in a research report released on January 29th that the BTC price appreciation rate is decreasing from cycle to cycle, reflecting the maturing process of the market trend. So far, the retracement situation in this cycle is very similar to the 2015-2017 cycle, and previous cycles also suggest that the Bull Market may accelerate at this stage. So far, BTC's actual Market Cap has risen 2.1 times in this cycle, lower than the previous peak of 5.7 times, on par with the 2015-2018 cycle. The frenzy stage has not fully affected the actual Market Cap, indicating that there is further potential for market expansion.