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Bitcoin Rally Remains Healthy, Not Overheated, Says NYDIG

  • BTC market conditions calmer than previous bull cycles despite recent highs and a 28.2% correction.
  • Current cycle features lower volatility with only seven drawdowns greater than 10% compared to prior cycles.
  • Indicators of excessive speculation like perpetual swap rates remain subdued, indicating room for growth.
  • NYDIG expects significant upside potential in the current cycle but not a repeat of past 20x surges.

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