Significant profit growth among new investors in #биткоин , alongside active coin redistribution by holders, indicates a transition to the late stage of a bull market, according to specialists from Glassnode.

Analysts noted that there is an analogy in the price movements throughout all periods of growth of the first cryptocurrency, despite significant differences in scale, participant composition, and market structure dynamics.

In the current cycle, the maximum drawdown was 32% and was recorded on August 5, 2024. For previous market phases, this figure ranged from 36% to 71%.