Bitcoin Cycle Anchored by Institutions Shows 3-Month Drop is Not a Crypto Winter, Says Glassnode

According to a new analysis from blockchain data firm Glassnode, the current market cycle led by Bitcoin (BTC) and anchored by institutional investment demonstrates that the recent three-month price decline does not constitute a crypto winter. The report highlights that institutional participation provides a fundamental stability previously absent, differentiating this downturn from past bear markets characterized by retail investor exodus. Key on-chain metrics suggest accumulation phases and sustained investor confidence, indicating a market consolidation rather than a prolonged downturn. This institutionally-backed structure is seen as a maturing factor for the Bitcoin ecosystem, potentially leading to a more resilient market structure in the long term.