Bitcoin (BTC) $124,505.88 1.17%
Ethereum (ETH) $4,640.72 2.30%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 233.645947 1.72%
Dogecoin (DOGE) $0.26 2.61%
Cardano (ADA) $0.86 1.13%
Chainlink (LINK) $22.56 0.36%
Litecoin (LTC) $120.06 0.08%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 2.55196 -0.97%
Dash (DASH) $34.32 -1.80%
X-CASH (XCASH) 5.0E-6 0.79%

Cryptocurrencies: 27557

Markets: 112310

Market Cap: $4,261,453,651,268

24h Vol: $171,152,683,213

Bitcoinist

2022-11-17 19:00:04

Why Bitcoin Drawdown May Still Not Be Painful Enough For Bottom

Why Bitcoin Drawdown May Still Not Be Painful Enough For Bottom

The Bitcoin supply in profit metric could hint that the current bear market hasn’t been painful enough yet for the cyclical bottom to be formed. Bitcoin Supply In Profit Has Plummeted To 45% Following Crash As pointed out by an analyst in a CryptoQuant post, all the historical bottoms took place when the profit in

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