Bitcoin Risks A Year-Long Bear Market If This Happens: On-Chain Data
Bitcoin’s value motion has pushed a carefully watched on-chain profitability gauge right into a configuration that, in 2022, preceded an prolonged drawdown and one analyst says a break beneath $70,000 would threat repeating that “year-long” reset. In a Dec. 30 morning brief, Axel Adler Jr. argued that Bitcoin’s “Supply in Profit” development is at an…
