Bitcoin’s recent 10% fall from its all-time high of $124,500 in early August has sparked speculation about whether this is just a healthy pullback or the beginning of a market top.

Now, popular analytics firm Glassnode has released its latest report suggesting that we could actually be witnessing a ‘ historically late phase ’ of Bitcoin’s current market cycle. The report noted that long-term holders in this cycle have realized more profits than in all but one past cycle, signaling heavy sell-side pressure along with weaker capital inflows.

The most interesting takeaway from the report was Bitcoin’s latest cycle being compared with the 2018-2022 and 2015-2018 bull runs.

In both those instances – and in the current stage – the same metrics flashed similar signals.

And in both those pa

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