1 月 30 日，Glassnode 在 1 月 29 日发布的研究报告中表示，比特币价格升值速度逐周期下降，反映出市场走向成熟的过程。迄今为止，本周期的回撤情况与 2015-2017 年周期非常相似，之前的周期也暗示牛市可能会在现阶段出现加速的情况。迄今为止 BTC 在本周期的实际市值已增长 2.1 倍，低于上一周期的 5.7 倍峰值，与 2015-2018 年周期持平。狂热阶段尚未完全影响实际市值，表明市场还有进一步扩张的潜在空间。

<div><p>1 月 30 日，Glassnode 在 1 月 29 日发布的研究报告中表示，比特币价格升值速度逐周期下降，反映出市场走向成熟的过程。迄今为止，本周期的回撤情况与 2015-2017 年周期非常相似，之前的周期也暗示牛市可能会在现阶段出现加速的情况。迄今为止 BTC 在本周期的实际市值已增长 2.1 倍，低于上一周期的 5.7 倍峰值，与 2015-2018 年周期持平。狂热阶段尚未完全影响实际市值，表明市场还有进一步扩张的潜在空间。</p></div>

Glassnode：数据显示当前市场阶段BTC仍存在潜在上涨空间

According to the research report released by <glassnode> on January 29, the rate of increase in the price of BTC has been declining on a weekly basis, reflecting the process of the market maturing. So far, the retracement in this cycle is very similar to the 2015-2017 cycle, and previous cycles also suggest that the bull market may accelerate at this stage. So far, the actual market capitalization of BTC in this cycle has grown 2.1 times, lower than the peak of 5.7 times in the previous cycle, on par with the 2015-2018 cycle. The frenzy stage has not yet fully impacted the actual market value, indicating that the market still has potential for further expansion.

<div><p>On January 30, glassnode's research report released on January 29 stated that the rate of increase in the price of BTC is declining on a weekly basis, reflecting the process of the market maturing. So far, the retracement situation in this cycle is very similar to the 2015-2017 cycle, and the previous cycles also implied that the bull market may accelerate at the current stage. So far, the actual market value of BTC in this cycle has increased by 2.1 times, lower than the peak of 5.7 times in the previous cycle, on par with the 2015-2018 cycle. The frenzy stage has not yet fully impacted the actual market value, indicating that the market still has potential for further expansion.</p></div>

Glassnode: Data shows that BTC still has potential to rise in the current market stage

The current bull market shows several structural similarities to the 2015–2018 cycle. We explore this idea from the perspective of the drawdown profile, price performance, and Realized Cap change. We ...

Thinking Ahead

Here is the English translation, with <> content retained as is:

Last night at 3 am, the Federal Reserve decided to maintain the benchmark interest rate in the range of 4.25% to 4.50% at its monetary policy meeting. This decision not only met market expectations, but also revealed the complex situation currently facing the US economy. The S&P 500, Dow Jones, and NASDAQ, which had initially declined, subsequently rose against the trend, quickly breaking through the $104,000 mark for Bitcoin. Is this dramatic reversal the start of a new "spring" for the cryptocurrency market, or an unsustainable "bubble"?

After Trump's return to the White House, how will his policies affect the Federal Reserve's decision-making and the economic direction?

The Fed is on hold, but Bitcoin is soaring against the trend! Is it a storm coming or a good time?

The core function of <$JellyJelly> is to capture the exciting moments in video chats and quickly convert them into shareable content.

DVM Perspective
<$$JellyJelly> is a new application aimed at revolutionizing the social media video chat experience. We initially valued it at $84 million, but the trading volume reached $350 million within the first hour of launch, with over 26,000 holders. The founding team is composed of top talents from Silicon Valley, and the product is currently in the Beta testing stage, with a user base of 50-100 people, and the official launch date has not yet been determined.