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Published 2 years ago

Glassnode Report Says Bitcoin's 2022 Price Drop Represents a Bear Market of 'Historic Proportions' – Bitcoin News

Summary by Ground News
A new report from Glassnode Insights calls the current bear market a bear of historic proportions. Bitcoin is currently experiencing the largest capital outflow event in history, hitting -2.73 standard deviations (SD) from the mean. An 80% drop in price from $69K is $13,800 per unit. Some crypto investors believe the end of the bear may be near while others think max pain has not arrived.

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Bitcoin.comBitcoin.com

Glassnode Report Says Bitcoin's 2022 Price Drop Represents a Bear Market of 'Historic Proportions' – Bitcoin News

"By this measure, bitcoin is currently experiencing the largest capital outflow event in history," the Glassnode report says.

2 years ago
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us.comus.com

Glassnode Report Says Bitcoin's 2022 Price Drop Represents a Bear Market of 'Historic Proportions' – Bitcoin News - DailyCrypto

The crypto economy has slipped under the $1 trillion mark to the $970 billion range, as a large number of digital currencies have lost more than half their USD worth since November 2021. Bitcoin is down 70% from the all-time high last year, and a new report from Glassnode Insights calls the current bear market […]

2 years ago
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DropTownDropTown

Glassnode Report Says Bitcoin's 2022 Price Drop Represents a Bear Market of 'Historic Proportions' – Bitcoin News

Glassnode Report Says Bitcoin’s 2022 Price Drop Represents a Bear Market of ‘Historic Proportions’ – Bitcoin News Source link

2 years ago
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JackOfAllTechs.comJackOfAllTechs.com

Glassnode Report Says Bitcoin’s 2022 Price Drop Represents a Bear Market of ‘Historic Proportions’

The crypto economy has slipped under the $1 trillion mark to the $970 billion range, as a large number of digital currencies have lost more than half their USD worth since November 2021. Bitcoin is down 70% from the all-time high last year, and a new report from Glassnode Insights calls the current bear market […]

2 years ago
Read Full Article
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