Bitcoin’s 656% Gain: A Laughable Triumph in a Sea of Chaos 🤣

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So, the Bitcoin market is having a bit of a meltdown, huh? 🤦‍♂️ I mean, who could’ve predicted that rising geopolitical tensions between Israel and Iran would send financial markets into a tizzy? Not me, that’s for sure. But hey, at least we can all laugh about it, right?

And just when you thought it was safe to go back into the crypto waters, Bitcoin decides to play it cool, consolidating between $105,000 and $106,000. After all, it’s not like it crashed to below $103,000 on Friday or anything. 🙄

But wait, there’s more! Glassnode, the analytics company that knows everything about everything, has some insights to share. They’re comparing Bitcoin’s price growth in the current market cycle to previous ones. Because, you know, we all love a good comparison, especially when it involves numbers that make our heads spin.

According to Glassnode, in the last two cycles (2015-2018 and 2018-2022), Bitcoin managed to achieve price gains of 1076% and 1007%, respectively. That’s like, a lot. But hey, who’s counting? 🤷‍♂️

For the current cycle, from 2022 till now, Bitcoin’s prices have grown by a mere 656%. Sure, it’s not as impressive as the previous cycles, but Glassnode says it’s still a big deal. I mean, it’s not like Bitcoin has matured over the past four years or anything. 🙄

And let’s not forget, assets are supposed to produce less exponential growth as they mature. Take gold, for example, which has only grown by about 192% over the past 10 years. So, Bitcoin’s 6x market gain since 2022 is actually pretty good, considering. 🤷‍♂️

Bitcoin Market Overview

At the time of writing, Bitcoin is trading at $105,540, up a whopping 0.20% in the past 24 hours. But hey, at least it’s not going down, right? 🤞

Interestingly, Sentora, another analytics firm, reports that Bitcoin network weekly fees have fallen by 3.31%. Because, you know, when things are already uncertain, why not add a little more uncertainty? 🤦‍♂️

Meanwhile, exchange inflows have grown by $2.4 billion, which means a bunch of investors are looking to distribute their holdings. Because, you know, why hold onto something that’s not going up in value? 🤷‍♂️

Since hitting a new all-time high of $111,891 on May 22, Bitcoin has experienced a significant price correction, dipping as low as below $101,000. But don’t worry, the prevailing sentiment among Bitcoin investors remains bullish, with the Fear & Greed index at 63. So, it’s all good! 🤗

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2025-06-15 16:17