Bitcoin Risks Further Declines as Bear Market Losses Persist Below 2022 Levels
Bitcoin Risks Further Declines as Bear Market Losses Persist Below 2022 Levels
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Bitcoin's realized losses are still significantly below the 2022 total of $211 billion. This metric suggests that the current bear market may not have reached its bottom yet, indicating a potential for further price 'purges' for the cryptocurrency.
Bitcoin realized losses remained below the $211 billion tally from 2022, leading to a prediction that the next bear-market bottom was not yet in.