Blockchain analysis company Glassnode recently published an article revealing that as the price of Bitcoin fell by 15.4% from its latest high of $73,000, this price performance is very consistent with the previous 2018-2021 cycle. Relative to the 2018-2021 cycle, the market is performing much the same as it did in December 2020, both in terms of duration and distance from the April 2021 peak. Data shows that Bitcoin prices hit US$73,100 on March 13, fell to a low of US$61,800 on March 20, and then recovered to the US$70,000 range. When the market encountered resistance, Bitcoin investors had sold and made profits of more than 26 billion, marking an increase in profit-taking incidents. A total of 2 million Bitcoins moved from "profitable" status to "lossy" status as the price retreated from its all-time high to recent lows.