May 11, 2025

Bitcoin Faces ‘Mid-Cycle Wipeout’ as Markets Plunge: Glassnode Report

1 min read

The latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of the current cycle. The study underscores the critical impact of this downturn on investor sentiment and the broader market dynamics. Glassnode Report: Bitcoin’s 32% Plunge Signals Mid-Cycle Market Low Glassnode‘s

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Source: Bitcoin.com

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