Glassnode: Bitcoin is still in a relatively early price discovery stage

Golden Finance reported that data analysis company Glassnode issued an article on the X platform saying that compared with historical cycles, Bitcoin is still in a relatively early price discovery stage. Data shows that in previous mania stages, Bitcoin prices have experienced retracements of more than 10% many times, with most of the retracements being larger, and retracements of more than 25% being very common. In this cycle, since Bitcoin broke through its all-time high, there have been only two corrections of about 10%.