In accordance with Coindesk, a new report from Glassnode and Fasanara Digital challenges the narrative of an impending crypto winter, despite Bitcoin's 18% decline over the past three months. The report highlights that Bitcoin has attracted over $732 billion in net new capital since the 2022 cycle low, with realized cap reaching $1.1 trillion. Volatility has also dropped significantly, and ETF activity remains strong, contradicting typical winter patterns. Miner performance and historical drawdowns further suggest the current market is in a mid-cycle consolidation phase rather than a full reversal.
Glassnode Report Disputes Crypto Winter Narrative Amid Bitcoin's 3-Month Drop
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