Bitcoin (BTC) hodlers may need to triple their on-chain losses for BTC price to put in a macro low.
According to market research firm Baro Virtual, the 2022 bear market is not yet harsh enough to match historical downtrends.
Bitcoin losses “only” total $671 million
With analysts predicting a return to $14,000 or lower for BTC/USD, the question of where Bitcoin will bottom is one of the hottest topics in the space this month.
For Baro Virtual, which analyzed data from on-chain analytics…
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