According to Glassnode, todayโs market structure looks uncomfortably similar to early 2022, right before the last crypto winter fully set in.
But hereโs the twist ๐ this time, traders are smarter, leaner, and more risk-aware.
Letโs break it downno jargon, no drama.
๐ง First Things First: What Happened in Early 2022?
Early 2022 was that phase where:
Prices werenโt crashing yetโฆ but hope was draining
Volumes dried up
Rallies kept failing
Longterm holders started feeling pain
Basically:
> The market didnโt scream โbear marketโโฆ it whispered it.
Sound familiar?
๐ What Glassnode Is Seeing Now (Simply Explained)
๐น 1. Weak Demand, Strong Patience
On-chain data shows:
Fewer aggressive buyers
More long-term holders refusing to panic sell
๐ก Translation: Conviction is high, excitement is low.
๐น 2. Realized Price Pressure
When price hovers near or below Realized Price:
New buyers feel trapped
Old holders test their patience
This is classic late-cycle fatigue, seen clearly in early 2022.
๐น 3. Volume = ๐ค
Low on-chain and spot volumes mean:
Fewer gamblers
Mostly serious money at the table
Historically, this is what markets look like before a big moveโup or down.
๐ Mini Tutorial: How to Trade a โCrypto Winter-Likeโ Market
โ
Step 1: Stop Overtrading
Sideways + low volume = chop.
Chop eats accounts.
๐ Trade less, plan more.
โ
Step 2: Watch These 3 Metrics
You donโt need 20 indicatorsโjust these:
๐ Realized Price โ market stress level
๐ Supply in Loss โ pain = opportunity (eventually)
๐ Stablecoin Dominance โ capital waiting or exiting?
โ
Step 3: Think in Scenarios, Not Predictions
Instead of โBTC will go up/downโ:
If price reclaims key levels โ scale in
If support breaks โ protect capital
#Glassnode #CryptoWinter #Bitcoin #BinanceSquare #Web3Insights Pros trade conditions, not opinions.
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