Despite 'worst bear market ever,' Bitcoin has become more resilient, Glassnode analyst says

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The Bitcoin bear market is the worst on record. And yet, the Bitcoin network is stronger than ever. Find out why in our latest interview with _Checkmatey_. from Glassnode.

) network is becoming increasingly resilient, said Glassnode analyst James Check during a recent interview with Cointelegraph.

In particular, Check refers to the amount of Bitcoin holders who don’t sell even in extreme market conditions, which has become much higher than in previous bear markets.Check also points out that shrimps, the entities who hold less than one Bitcoin, are accumulating at a record pace, surpassing the levels of the 2017 bull market’s peak.Check out the full interview on our

 

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_Checkmatey_ Doesn't take a fucking genius to say 'well innovations in hardware means that hash rate goes up exponentially even if people are shutting off'

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