Bitcoin Bear Market: More Time Pain Ahead
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bitcoin investors face a double whammy: plummeting prices and a prolonged bear market. The coins value has dropped by over 45% from its October high, with recent losses pushing it below $66,000. Traders are feeling the pinch after nearly six months in the downturn, with no clear path for recovery. Glassnodes Realized Cap HODL Waves metric suggests more time pain ahead, as long-term holders currently control less than 85% of the supply, a threshold typically reached months after the price bottoms out.
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