VanEck has characterized Bitcoin's recent price pullback in October as a mid-cycle reset rather than the onset of a bear market. The investment firm notes that leverage levels have normalized, and there is an increase in on-chain activity. Additionally, liquidity remains a driving force in the current cycle, suggesting a continuation of the broader upward trend for Bitcoin.
VanEck Views Bitcoin's October Pullback as Mid-Cycle Reset
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.