BTC Bear Market Registers Second-Largest Drawdown In Its History At A Staggering -19%
According to BitcoinCasino.com, the Realized capitalization drawdown measured at -19%, marking the second-largest drawdown in its history. This was only eclipsed by the pico-bottom of the 2011 bear market.
At this stage of the crypto winter, Bitcoin’s on-chain indicators have registered extremely low values that suggest a possible bottom for this bear market. While some metrics are giving out positive signals, others, such as the realized cap, ominously point to a final capitulation yet to come.
BitcoinCasino Betting expert Edith Reads commented on the data saying,” It is difficult to accurately predict when the market will turn, but one thing remains certain – Bitcoin is still the most dominant cryptocurrency in the world and its future is bright. Those who remain patient and hold onto their BTC have the potential to reap huge returns when this bear market ends.” The full story and statistics can be found here: BTC Bear Market Registers Second-Largest Drawdown In Its History At A Staggering -19%
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