Bitcoin absorbs $100M+ ‘sell-side days’ as bears lose BTC price clout
Bitcoin in 2024 looks increasingly unlike previous cycles as sellers routinely fail to drive BTC price performance lower after new all-time highs.
Bitcoin (BTC) sellers have failed to spark a classic bull market correction this cycle, new analysis concludes.
In a post on X (formerly Twitter) on April 5, Checkmate, the pseudonymous lead on-chain analyst at Glassnode, showed BTC price drawdowns barely hitting 20%.
Bitcoin may have retraced from new all-time highs near $74,000, but in percentage terms, its recent corrections have been mild.
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