Bitcoin market shows late-cycle patterns as leverage peaks

Bitcoin (BTC) is experiencing declining capital inflows and surging speculative activity, mirroring patterns observed near previous cycle peaks, according to an Aug. 20 Glassnode report. BTC retraced nearly 9.2% to $112,900 following last week’s high at $124,400, accompanied by substantially weaker capital inflows compared to earlier 2024 breakouts. The realized cap increased just 6% monthly […]