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Bitcoin has added $732 billion in new capital this cycle—more than all previous cycles combined, with 1-year realized volatility dropping by nearly half.
Bitcoin is trading more quietly, at a larger scale, and in a more institutional manner.
Ethereum and a few major altcoins have also seen strong price increases, reaching gains of over +350%, but the vast majority have declined, in contrast to Bitcoin’s strong rally, unlike previous cycles.
Source: Glassnode