According to a recent report from Glassnode published on January 29th, the rate of Bitcoin price appreciation has been noticeably declining with each market cycle, indicating a shift towards a more mature crypto market. The current retracement mirrors patterns observed during the 2015-2017 cycle. Historical data also indicates that, at this juncture, a potential bull market may begin to accelerate. To date, Bitcoin’s actual market value has appreciated 2.1 times during this cycle, a decrease compared to the 5.7x peak from the previous cycle, aligning closely with patterns from 2015-2018. Furthermore, the frenzy phase has not yet significantly affected market values, suggesting there exists substantial capacity for continued market growth as investor sentiment evolves.
Source: https://en.coinotag.com/breakingnews/bitcoin-price-appreciation-slows-analyzing-market-maturation-and-future-bull-potential/