Current bitcoin cycle differs from previous ones due to high institutional demand — Glassnode

Glassnode’s latest report suggests bitcoin’s 2025 cycle is breaking from its historical pattern. According to CEO Jan Happel, this unusual market behavior stems largely from surging institutional demand and a sharp rise in liquidity.

Bitcoin continues to dominate the crypto market, accounting for over 59% of its total capitalization. As noted by Glassnode, this sustained leadership is driven by heavy institutional investment, with inflows surpassing $850 billion.

Increased liquidity and growing interest from major financial institutions are helping stabilize the market while reshaping altcoin dynamics. According to the firm, these trends could trigger significant shifts in financial and regulatory frameworks, further solidifying bitcoin's role as the premier global asset. Glassnode analysts also highlight that these factors may influence future technological and market trends across the cryptocurrency industry.