2022 bear market has been the worst on record — Glassnode
Recent on-chain analysis by Glassnode has shown that the current Bitcoin bear cycle is playing out as the worst one in history.
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Recent on-chain analysis by Glassnode has shown that the current Bitcoin bear cycle is playing out as the worst one in history.
Bitcoin’s long-term holders are beginning to suffer losses matching those from previous bear markets, and Glassnode believes the pain may continue, and even get worse.
Investors are urgently sending Bitcoin into exchanges in order to either de-risk their portfolio or to protect margin positions with more collateral according to Glassnode’s latest report.
The Bitcoin market appears to be retracing the gains it has made since January as whales may be exiting and selling on centralized exchanges according to Glassnode.
BTC price continues to trade in a wide range, providing an opportunity for options traders to use the Iron Condor strategy.
Bitcoin's correlation with stocks has risen to alarming levels, according to some market analysts.
The report by Glassnode also revealed that up to 60% of the transaction volume is in what it calls “profit dominance”, and long-term holders are the most likely to be…
Outflows of Bitcoin from exchanges have hit a yearly high, but inflows to Canadian Bitcoin ETFs are at also at peak levels as investor confidence in the asset grows.
Investors based in Asia have generally been sellers while those in the US and EU have been buyers for the past two years with only one short exception.
But more inexperienced investors have been choosing to become long-term Bitcoin holders, limiting sell-side risks below $30,000.