What Price Range Could Mitigate Year-End Decline Risks? Latest Bitcoin Market Analysis by Glassnode

On-chain analysis firm Glassnode released its latest weekly report on Bitcoin (BTC) on the 3rd. The spot market is currently facing low demand, making prices more susceptible to volatility due to external shocks and macroeconomic factors. The current market structure resembles the bear market period from January to March 2022, with over 25% of the supply incurring unrealized losses and an increase in realized losses. Meanwhile, the momentum of capital, which refers to the strength of new money flowing into the market, is significantly weaker compared to the beginning of the year...