🤩 BITCOIN DID SOMETHING NEVER SEEN IN A BEAR MARKET SINCE 2017 🤩 Glassnode confirms that $BTC never recorded a daily close below its Realized Price during this bear market. Compare that with previous cycles: 🔸 2018–19: BTC spent months below Realized Price, 🔸 2022–23: BTC spent months below Realized Price. 🔸 2026: ZERO daily closes below it. Even more interesting👇 roughly as much BTC supply was underwater at the June low as at the 2022 bottom, yet the magnitude of those losses was much smaller and NUPL never turned negative. Bitcoin’s bear markets may be changing. More institutional capital. ETFs. Deeper liquidity. A more mature market. The old four year cycle playbook may not work quite the same way anymore. #Bitcoin #BTC #Crypto
MjB38 | Crypto NewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.