Leading on-chain analytics firm Glassnode says multiple Bitcoin metrics now echo the conditions seen at the start of the 2022 bear market. Among the red flags: a rising share of supply “underwater,” increasing losses among recent buyers, weakening demand across spot, ETFs and derivatives, and deteriorating liquidity — factors that suggest the market may be...
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Leading on-chain analytics firm Glassnode says multiple Bitcoin metrics now echo the conditions seen at the start of the 2022 bear market. Among the red flags: a rising share of supply “underwater,” increasing losses among recent buyers, weakening demand across spot, ETFs and derivatives, and deteriorating liquidity — factors that suggest the market may be...