$BTC
Glassnode’s on-chain charts are so hilarious that people can’t help but laugh. This time, Bitcoin’s historical price action has, in a sense, hard-broken the old bear-market “rules of the past.”
According to statistical data, this is the first time in Bitcoin’s history that, throughout an entire bear-market cycle, it has never closed below the realized price.
With this defensive line under the chart clenched so tightly, how much longer can bulls and bears keep tugging at each other? It remains to be seen whether these funds can, near the key cost basis lines, splash something meaningful into the market.
Glassnode’s on-chain charts are so hilarious that people can’t help but laugh. This time, Bitcoin’s historical price action has, in a sense, hard-broken the old bear-market “rules of the past.”
According to statistical data, this is the first time in Bitcoin’s history that, throughout an entire bear-market cycle, it has never closed below the realized price.
With this defensive line under the chart clenched so tightly, how much longer can bulls and bears keep tugging at each other? It remains to be seen whether these funds can, near the key cost basis lines, splash something meaningful into the market.
