The bear market of 2022 is completely different than all earlier crypto bear markets. We are going to most definitely NOT see a repeat of occasions which occurred beforehand.
And there’s one metric that makes me assured of this perception. And that’s the virtually whole lack of capitulation from retail, and even bigger buyers.
On-chain information has proven that regardless of all the catastrophic crypto-related occasions which have occurred over the previous yr, lively pockets addresses proceed to extend. And that is the case not just for Bitcoin and Ethereum, however for dozens of L1 altcoins and layer 2 options as properly.
Persons are studying about crypto and the blockchain, and though costs have decreased, the target information suggests that almost all of each previous and new wallets are going to be holding by means of no matter catastrophe the world has in retailer.