This Is the Worst Altcoin Cycle On Record – Here Is the Structural Force Behi...
The altseason never came. Months of waiting have produced nothing but lower prices, thinner liquidity, and a market that has run out of patience with its own promises. Top analyst Darkfost has published findings that reframe the current altcoin environment not as a temporary setback but as something structurally worse: more than 40% of altcoins […]
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Though on-chain metrics point to the worst Bitcoin bear market on record, they also highlight hodlers' growing resilience. While the current bear market may be the worst on record, on-chain metrics signal that the Bitcoin (BTC) network is becoming increasingly resilient, said Glassnode analyst James Check during a recent interview with Cointelegraph. In particular, Check refers to the amount of Bitcoin holders who don’t sell even in extreme market conditions, which has become much higher than in previous bear markets. “Cycle after cycle, that floor of hodlers is higher, the amount of....
There are now over 47 million cryptocurrencies in existence. That number alone may explain a lot of what is happening to prices of altcoins right now. Related Reading: Bitcoin ETFs Pull In $56B As CEO Pitches Crypto Over Gold Altcoins: A Market Spread Too Thin Blockchain networks have become token factories. Solana hosts more than 22 million tokens. Base accounts for over 18 million more. BNB Smart Chain adds another 4 million on top of that. With that much supply chasing a limited pool of investor money, most of these assets simply cannot attract enough buyers to hold their value.....
Recent on-chain analysis by Glassnode has shown that the current Bitcoin bear cycle is playing out as the worst one in history. Several factors have contributed to making the current crypto bear market the worst ever recorded as most Bitcoin (BTC) traders are underwater and continue to sell at a loss, according to Glassnode.Blockchain analysis firm Glassnode’s Saturday report titled “A Bear of Historic Proportions” outlines how Bitcoin’s current dip below the 200-day moving average (MA), negative deviation from realized price and net realized losses have conspired to make 2022 the worst in....
Data shows the Altcoin futures market has seen a decline in speculative engagement recently as the Open Interest has plummeted. Altcoin Open Interest Is Now Near Cycle Lows In its latest weekly report, on-chain analytics firm Glassnode has talked about the broad cooldown in speculation that altcoins have witnessed recently. The metric of relevance here […]
Bitcoin price is still trading at more than $25,000 less than the local highs set earlier in the year, and bulls have a lot of ground to reclaim. However, the lost ground might not be so bad after all, as it has brought the current market cycle a lot closer to past bull cycle comparisons, which could shed some light on what’s left for Bitcoin in terms of price action in the months ahead. Bitcoin Collapse Puts Market Cycle On Par With Previous Bull Run Following a sharp more than 55% decline across the board in cryptocurrencies – even the top dog Bitcoin – the market is....