Could we be heading into a Bitcoin bear market? A new report says the signs are there.
Data released Friday from blockchain research firm CryptoQuant shows that holders of the largest cryptocurrency by market cap are now in the red for the first time since October 2023, with losses now at 69,000 Bitcoins — today worth $6.1 billion — since December.
“The current pattern closely mirrors the 2021–2022 bull-to-bear transition, when realized profits peaked in January 2021, formed lower highs through 2021, and then flipped into net losses ahead of the 2022 bear market,” CryptoQuant researchers wro