This Bitcoin Bear Market Is Unlike Any Other, Heres Why - BitcoinEthereumNews.com
Bitcoinयह बिटकॉइन भालू बाजार किसी अन्य के विपरीत है, यहां बताया गया है06 / 25 / 2022बिटकॉइन एथेरियम समाचार With Bitcoin languishing over 73% below its November highs, the token has decidedly entered a bear market. परंतु several macroeconomic factors make this bear market different from the ones seen in 2020 and 2018, complicating the timing of a recovery. This has also seen crypto markets experience one of their worst drawdowns in history- down over $2 trillion. On the technical front, a recent report from on-chain data firm Glassnode shows that Bitcoin is experiencing its largest capital outflow in history, significantly larger than past bear markets. The token, which accounts for 43% of the crypto market, is trading well below its realized price, indicating that most investors are holding the token at a loss. Bitcoin is trading around $21,400. There appear to be few factors that could spur an immediate recovery Technical indicators paint a sorry picture for Bitcoin Glassnode pointed out that while Bitcoin prices are around the upper bound of previous bear market losses, other technical factors show more market pain. The token has slumped so far below its 200-day moving average that only 2% of its trading days in history have ever been worse off.