News Formal

BTC price rally in doubt? Bitcoin young supply echoes 2022 bear market

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Bitcoin bear market vibes are back as research examines the combined realized cap of the recently active BTC supply.

) 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin (BTC) Price Eyes $28K as Altcoins Bleed Out (Market Watch)Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »