Bitcoin’s 656% surge reveals strong market demand

Jakarta, Pintu News – In an atmosphere of heightened geopolitical tensions between Israel and Iran, the Bitcoin (BTC) market is showing a negative reaction. Despite a price drop to below $103,000 on Friday, the major cryptocurrency is now consolidating in the range of $105,000 – $106,000. Recent analysis from Glassnode provides deep insights into the growth of the current bull cycle, highlighting Bitcoin’s (BTC) price increase of 656% since 2022.

Bitcoin Growth Analysis

Glassnode, in a post on X on June 14, compared Bitcoin’s (BTC) price growth in the current market cycle with previous cycles. Each crypto market cycle, which lasts four years, consists of accumulation, bull market, distribution, and bear market phases. In the last two cycles, 2015-2018 and 2018-2022, Bitcoin (BTC) recorded price increases of 1,076% and 1,007% respectively.

Although the current increase of 656% has not reached the level of previous cycles, Glassnode considers this a satisfactory achievement. This growth comes amidst significant maturation of Bitcoin (BTC), with the market value reaching $2 trillion and increased exposure to institutional investors. Compared to gold which has only grown by around 192% in the last ten years, Bitcoin’s (BTC) growth demonstrates continued market demand.

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Current Market Dynamics

Currently, Bitcoin (BTC) is trading at $105,540 with a slight gain of 0.20% in the last 24 hours. However, the daily trading volume fell by 35.39%, signaling a significant decrease in market participation. According to a report from Sentora, the weekly fees of the Bitcoin (BTC) network fell by 3.31% due to the negative impact of recent political events and uncertain market sentiment.

In addition, inflows to exchanges increased by $2.4 billion, indicating that the number of investors looking to distribute their holdings is increasing. Although Bitcoin (BTC) reached a new record high of $111,891 on May 22, the currency experienced a significant price correction, dropping below $101,000 amid negative microeconomic events.

Investor Outlook on Bitcoin

Despite facing various challenges, sentiment among Bitcoin (BTC) investors remains bullish. Data from Coincodex shows that the Fear & Greed index stands at 63, reflecting a solid level of greed in the market. This shows that despite price fluctuations and market uncertainty, many investors still see long-term growth potential in Bitcoin (BTC).

Conclusion

Despite geopolitical challenges and market volatility, Bitcoin (BTC) continues to show resilience and significant growth. Glassnode’s analysis and current market dynamics confirm that demand for Bitcoin (BTC) remains strong, with promising prospects for the future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Bitcoin at $656 Cyclical Gain Highlights Deep Market Demand. Accessed on June 16, 2025
• Featured Image: Generated by AI