To say that 2022 was a bad year for the crypto market is an understatement. The bitcoin price has taken some serious blows over the past year and since the demise of FTX, it has once again fallen off a cliff and has struggled to gain ground above $17,000. Recently you could read in the Bitcoin news that volatility is currently extremely low, as the price is very stable around the $16,800 price level.

Bitcoin holders in loss

The price today is around the same level as two years ago, which means that many holders who have purchased bitcoin (BTC) more recently are now in the red. Data from blockchain analysis company Glassnode shows that many short- and long-term holders find the current BTC price a nightmare. To be considered a long-term holder, you must hold BTC for at least 155 days.

In order to make the best returns on Bitcoin investments you need to understand what it really is and how it works.

With this step by step guide:

• you will learn how to avoid scams in cryptocurrency
• you will learn how work the blockchain technolog
• you will be able to keep your bitcoins safe in the best wallets
• you will know the best way to obtain bitcoins and the best investment strategies
• you will learn the advice you need to follow to make a good return on your investment

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Data from December 26 shows that 1,889,585 BTC of short-term holders is currently in the red and 6,057,858 BTC of long-term holders. This is a new record in terms of the percentage of the total bitcoin supply in circulation, excluding the BTC held by crypto exchanges.

Just over a month ago you could read that 51% of all bitcoin addresses were in the red at the time. This equates to 24.6 million BTC wallets.

End of the bear market for bitcoin?

Discussions about whether BTC has already bottomed or not are rampant at the moment. No one can say with certainty what the price has in store in both the short and long term, but data from the past can be used as a basis for comparison.

In order to make the best returns on Bitcoin investments you need to understand what it really is and how it works.

With this step by step guide:

• you will learn how to avoid scams in cryptocurrency
• you will learn how work the blockchain technolog
• you will be able to keep your bitcoins safe in the best wallets
• you will know the best way to obtain bitcoins and the best investment strategies
• you will learn the advice you need to follow to make a good return on your investment

Click on here to get more information about this

When we compare the current bear market to the previous one, we conclude that it still has room to fall. The threshold of an 80% fall has not yet been exceeded, because the price has fallen by approximately 77%.