tldr; According to data from Glassnode, the on-chain behavior of investors is beginning to show a reduction in the factors that trigger sharp sell-offs. The FTX bankruptcy fueled a historic sell-off resulting in $4.4 billion in realized Bitcoin losses. Bitcoin hit an all-time low in the realized profits versus losses ratio towards the end of the most recent bull market.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Yeah sure on chain data suggests something.. however crypto is irrational and doesnt really care about those metrics.. i mean we saw one Black Swan event happen after another….. Its the fuckin wild west out there in cryptotopia…
There’s prolly someone else floating around with their shit over leveraged that’ll take it down a little more. Although FTX didn’t have the impact I thought it would.
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Santa pump inbound? I know he wears a lot of red but maybe we can hope…
Bitcoin wont be above 20k all of 2023 imho
I believe in the long run this is a healthy period… Even though it sucks
The recovery is inevitable not just possible
You don’t say?
tldr; According to data from Glassnode, the on-chain behavior of investors is beginning to show a reduction in the factors that trigger sharp sell-offs. The FTX bankruptcy fueled a historic sell-off resulting in $4.4 billion in realized Bitcoin losses. Bitcoin hit an all-time low in the realized profits versus losses ratio towards the end of the most recent bull market.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Yeah sure on chain data suggests something.. however crypto is irrational and doesnt really care about those metrics.. i mean we saw one Black Swan event happen after another….. Its the fuckin wild west out there in cryptotopia…
It’s up to the macroeconomic factors now. They’re the biggest determinant of price right now
There’s prolly someone else floating around with their shit over leveraged that’ll take it down a little more. Although FTX didn’t have the impact I thought it would.
Okay.