) traders are displaying behavior similar to the 2022 bear market bottom as “uncertain” sentiment rules, new research argues.market updates on Oct. 9, on-chain analytics platform CryptoQuant examined a major drop in realized capitalization of the most active part of the BTC supply.Bitcoin’s more speculative investor cohorts continue to come in for scrutiny this year as BTC price action experiences a variety of diverging environments.
“In my view, this dataset effectively reflects Bitcoin's market price fluctuations,” contributor Binh Dang wrote. Binh shows that the figure has now retreated back to those bear market levels, “recovering slightly” to still hover near the $20 billion mark.
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