Bitcoin Might Be in Later Stages of Bear Market: Data

The chart of the day is dropped at you By crypto.com the world's quickest Growing crypto app Bitcoin in a great shopping for and promoting fluctuate nonetheless Glass notes merely it's no coincidence and Reflects psychological ranges related to Traders holding Bitcoin over the earlier Year and whales or big holders of BTC This glass node chart reveals spot prices Were rejected from the 23 500 stage Where older money have been bought on frequent By one-year holders represented by the Blue Line who're underwater of their Position that moreover happens to be the Same stage that whales holding better than One Bitcoin entered the mark in 2019. The frequent Bitcoin holder has an online Unrealized income about 15 % of The market cap class node concluding That income taking and capital flows Have started to occur although they Remain Low by historic necessities the Market is at current in a transitional Phase which normally occurs throughout the Later phases of a bear Market if Bitcoin Breaks above 23 500 that shall be a key Psychological barrier and put the Average one-year holder in 2019 whale Back into income nonetheless thus far the market Is rejecting that resistance stage