💙 Gate Square #Gate Blue Challenge# 💙
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📅 Event Period
August 11 – 20, 2025
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1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
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Bitcoin (BTC) price is exhibiting a more robust recovery compared to previous cycles, despite currently trading 37.3% below its all-time high.
In the previous two cycles, at this time, bitcoin was 43.6% and 45.7% below its previous all-time highs, highlights the most recent report from data and analytics firm Glassnode.
Thus, it argues that the last three cycles have experienced "a disturbingly similar performance", although the current one "remains slightly ahead" of the previous ones, which occurred in the 2016-17 and 2019-20 periods. This is partly "due to an extremely strong year in 2023," he notes.
Glassnode notes "a higher level of resilience throughout the current cycle," given that corrections from the all-time high remain "relatively shallow." The biggest price drop since then has been 20.1%, set in August 2023.
This suggests that the drop in price does not reflect underlying weakness in the market, but rather a temporary adjustment. This optimistic perception could indicate that the recent decline in bitcoin's price could be a transitory phenomenon and that the digital currency is in a strong position for a faster and more sustained recovery.
The analyst firm indicates that despite that resilience, the price of BTC has been down in recent weeks, as the market digests the arrival of spot bitcoin exchange-traded funds (ETFs) in the United States.
CAN BE REACH TO BITCOIN IN ONE MONTH!!!!!!!