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☎️ BITCOIN IN BEAR MARKET PHASE

☎️ BITCOIN IN BEAR MARKET PHASE

Day: 10 | Time: 17:46:32 According to CryptoQuant's report, the price of Bitcoin is in a similar phase to the bear market of 2022. Investors are experiencing losses and a return to bullishness could take months. Large investors have sold cryptocurrencies worth $1 billion in July. Traders are facing unrealized losses of 17%, the highest value since December 2022. Miners are also selling to recover costs. According to the analysis, the market could be "boring" for the next 2-3 months.

Bitcoin whales' realized profits
Bitcoin trader realized price vs. profit/loss margin
Bitcoin realized cap

Source: Cointelegraph