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Google Trends data shows that as XRP broke through $3, the search popularity of XRP surpassed Bitcoin.

According to a recent report by Glassnode, Bitcoin's recent pullback reflects a cooling phase, but relatively low investor pressure levels indicate that the bull market is far from over. The report points out that the number of BTC currently in a floating loss state fluctuates between 2 million and 3.5 million, much lower than the 4 million during the mid-term low point in 2024, indicating that market conditions are not as bad as they seem. In contrast, historical bear markets have recorded floating losses of BTC between 4 million and 8 million. The Market Value to Realized Value (MVRV) ratio is an important indicator for measuring unrealized profits in the market and currently stands at 1.32. This suggests that Bitcoin holders are on average making a floating profit of 32%. Despite the market falling from its peak, this indicator shows that overall sentiment remains positive. The report also notes that historical analysis shows MVRV peaks decrease with each successive market cycle reflecting increased maturity in Bitcoin markets and reduced speculative intensity. For example, MVRV peaked at 8.07 in 2011 but had fallen to just under three times (2.78) by year-end-2024.Currently, Bitcoin's trading price is above its one-year average value of $90,900 but below its bullish upper limit of $112,600 suggesting it remains within a bullish phase. Furthermore, the report indicates changes over time in bitcoin’s behavior on financial markets: volatility has decreased; institutional participation has grown; new spot demand driven by ETFs has led to more stable structures within these markets – even though there may be some adjustments now indicators suggest resilience continues within them while their overall outlook appears optimistic.