VanEck: The Bitcoin pullback in October is a mid-cycle correction, not the start of a bear market
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According to Jinse Finance, as disclosed by Cointelegraph, VanEck stated that the Bitcoin pullback in October was a mid-cycle correction rather than the onset of a bear market. Leverage levels have returned to normal, on-chain activity is increasing, and liquidity continues to drive the current cycle forward.
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Data: Long-term holders collectively own 14.35 million BTC, accounting for approximately 68.3% of the total supply.
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