• Bitcoin
  • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
What's Hot

Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline

2023-03-31

Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong

2023-03-31

Popular Trader Still ‘Cautiously Bearish’ on Crypto, Dives Deep Into Sideways-Trading Ethereum (ETH)

2023-03-31
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
The Crypto News Insider
  • Bitcoin

    Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong

    2023-03-31

    Market At Risk As Easy Cash Era Comes To An End

    2023-03-30

    Binance’s Bitcoin, Ethereum, Stablecoins Netflow Reveals Stability Despite US CFTC Suit

    2023-03-30

    Bitcoin Price Shoots Past $28,500, Key Support and Resistances

    2023-03-30

    Ripple’s Appeal In SEC Lawsuit To Retain Status Quo: John Deaton

    2023-03-29
  • Altcoins

    SHIB enters critical zone, Shibarium beta launch might happen this week?

    2023-02-19

    Is Ethereum [ETH] setting up a big show ahead of Shanghai upgrade? 

    2023-02-19

    Shibarium Beta To Go Live Next Week: Rumors or Reality?

    2023-02-19

    Helium to migrate to Solana on this date, here’s how HNT reacted

    2023-02-19

    ETH tests 5-month high as whales retain this % of supply, more inside

    2023-02-19
  • NFT

    Candy Digital Pushes Forward With New MLB NFTs After Fanatics Divestment

    2023-03-29

    Pussy Riot Protest Art NFT Triggers Russian Criminal Charges

    2023-03-29

    At Least $37M Worth of y00ts NFTs Migrate to Polygon From Solana in One Day

    2023-03-29

    Art Blocks Debuts NFT Marketplace With Enforced Creator Royalties

    2023-03-29

    Degens ‘Ran Away With the Narrative’ on Gitcoin’s NFT Drop With Vitalik, Says Founder Kevin Owocki

    2023-03-29
  • Metaverse

    Siemens and MIT Tech Review Probe ‘The Emergent Industrial Metaverse’

    2023-03-30

    Disney Metaverse Division Reportedly Scrapped

    2023-03-28

    Animoca Denies $200M Metaverse Fund Cut

    2023-03-27

    Metaverse Trading Hits All-Time High

    2023-03-24

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20
  • Analysis

    Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline

    2023-03-31

    Popular Trader Still ‘Cautiously Bearish’ on Crypto, Dives Deep Into Sideways-Trading Ethereum (ETH)

    2023-03-31

    Dogecoin Whale Abruptly Moves 350,000,000 DOGE in Multiple Transactions– Here’s Where the Crypto’s Headed

    2023-03-30

    Top Crypto Trader Details Path Forward for Bitcoin and Polygon Rival Arbitrum – Here’s His Outlook

    2023-03-30

    Algorand price surges over 12%

    2023-03-30
  • Learn

    Best Bitcoin Mining Software — TOP Crypto Miners to Use in 2023

    2023-03-30

    Next Cryptocurrency to Explode 2023

    2023-03-30

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    Top 10 Best Ethereum Wallets 2023

    2023-03-18
  • Market Cap
The Crypto News Insider
Home»Bitcoin»This Bitcoin Bear Market Is Unlike Any Other, Here’s Why
Bitcoin

This Bitcoin Bear Market Is Unlike Any Other, Here’s Why

2022-06-25No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

With Bitcoin languishing over 73% beneath its November highs, the token has decidedly entered a bear market.

However a number of macroeconomic elements make this bear market completely different from those seen in 2020 and 2018, complicating the timing of a restoration. This has additionally seen crypto markets expertise one in every of their worst drawdowns in history- down over $2 trillion.

On the technical entrance, a latest report from on-chain data firm Glassnode reveals that Bitcoin is experiencing its largest capital outflow in historical past, considerably bigger than previous bear markets.

The token, which accounts for 43% of the crypto market, is buying and selling properly beneath its realized value, indicating that almost all buyers are holding the token at a loss.

Bitcoin is buying and selling round $21,400. There look like few elements that would spur an instantaneous restoration

Technical indicators paint a sorry image for Bitcoin

Glassnode identified that whereas Bitcoin costs are across the higher sure of earlier bear market losses, different technical elements present extra market ache.

The token has slumped to date beneath its 200-day shifting common that solely 2% of its buying and selling days in historical past have ever been worse off. This additionally occurred at a lot decrease valuations. In line with Glassnode, spot costs are presently at an 11.3% low cost to the realized value, indicating that the common dealer is now “underwater.”

Such a situation had indicated a backside throughout earlier bear markets. However that doesn’t appear to be the case right here. Capital outflows are additionally at their worst for the token, much more than the 2020 COVID-19 crash.

We will now conclusively declare that the 2021-22 Bitcoin bear market is one in every of, if not essentially the most important in historical past

-Glassnode analysts

Unprecedented macro elements additionally weigh

Whereas Bitcoin has traded via earlier Federal Reserve climbing cycles, this its first cycle as a preferred funding car. Additionally it is the token’s first main tryst with rampant inflation and recessionary dangers.

See also  Bitcoin Price Unfazed By USDC Crisis; Signals Upcoming Bull Run

The token was initially pipped as an efficient inflation hedge. However it has largely failed at this position in 2022.

With the Fed set to maintain climbing charges till no less than the tip of the yr, Bitcoin is predicted to stay subdued.

Source link

Bear Bitcoin Heres market
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline

2023-03-31

Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong

2023-03-31

Dogecoin Whale Abruptly Moves 350,000,000 DOGE in Multiple Transactions– Here’s Where the Crypto’s Headed

2023-03-30

Best Bitcoin Mining Software — TOP Crypto Miners to Use in 2023

2023-03-30
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Why Axie Infinity (AXS) Could Rally After Hide And Seek, Eyes $20

2022-09-03

Top Ethereum Whale Buying These Crypto As Bear Hug Loosens

2022-08-02

Ethereum, Avalanche, Polkadot and Curve Are Gearing Up for Breakouts, According to Analyst Michaël van de Poppe

2022-08-02

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Top Insights

Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline

2023-03-31

Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong

2023-03-31

Popular Trader Still ‘Cautiously Bearish’ on Crypto, Dives Deep Into Sideways-Trading Ethereum (ETH)

2023-03-31
Get Informed

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Thecryptonewsinsider.com. - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$28,125.00-1.87%
  • ethereumEthereum(ETH)$1,807.710.10%
  • USDEXUSDEX(USDEX)$1.08-0.31%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$317.06-0.22%
  • usd-coinUSD Coin(USDC)$1.00-0.04%
  • rippleXRP(XRP)$0.53-2.04%
  • cardanoCardano(ADA)$0.3985234.92%
  • staked-etherLido Staked Ether(STETH)$1,802.130.04%
  • dogecoinDogecoin(DOGE)$0.0759380.84%
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}