TechFlow news, according to the latest report from Glassnode, Bitcoin's price performance since its 2022 lows has closely resembled previous cycles—though the recovery has been slower, it has proven more resilient.
Although there has been a slight increase in long-term holder coin outflows following ETF approval (related to GBTC), most long-term Bitcoin investors remain reluctant to sell their holdings at current prices.
Network activity remains low in terms of on-chain entities, but the volume of currency transferred on-chain, and especially transfers to exchanges, remains strong and similar to prior bull market cycles.
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