Bitcoin Grapples with Bear Market Amid On-Chain Scarcity and Macroeconomic Uncertainty
Bitcoin Grapples with Bear Market Amid On-Chain Scarcity and Macroeconomic Uncertainty
The latest market analysis indicates that Bitcoin is currently deep in a bear market, with prices hovering around $67,000. Despite a minor weekly uptick, the digital asset is navigating a complex phase characterized by a growing divergence between tightening on-chain supply and increasing macroeconomic uncertainty, as observed by analyst GugaOnChain.
Bitcoin On-Chain Scarcity, Uncertain Macroeconomics Create Extreme Divergence
Bitcoin remains in the depths of the bear market, with prices hovering around $67,000, despite a brief uptick during the week. According to market analyst GugaOnChain, underlying market activities suggest the digital asset is experiencing a complex phase and divergence marked by a growing divide between tightening on-chain supply and rising macroeconomic uncertainty.