Glassnode: Bitcoin has seen its first 8 consecutive increases in four years, with a median performance of a 19% increase thereafter

Bitcoin has recorded an increase for 8 consecutive trading days, marking the first occurrence in nearly 4 years. According to glassnode data, historically, Bitcoin has experienced at least 8 consecutive increases a total of 15 times, with 9 instances continuing to rise and 6 instances declining in the following 30 days. The median increase over 30 days is approximately 19%.