Is $14K the next stop before a bull run for Bitcoin?
and the real challenge is whether it can push higher in the face of multiple headwinds or if the price will trend down back into the range it has been trapped in since early June.from on-chain market intelligence firm Glassnode,"duration" is the main difference between the current bear market and previous cycles and many on-chain metrics are now comparable to these historical drawdowns.
This would suggest that the current calls for an end of the crypto winter are premature because historical data suggests the market still has several months of sideways price action to go before the next major uptrend.When it comes to what traders should be on the lookout for that would signify an end to the winter, Glassnode highlighted the Delta price and Balance price as “on-chain pricing models which tend to attract spot prices during late stage bears.
One of the classic signs that a bear market is coming to an end has been a major capitulation event that exhausted the last remaining sellers. Further evidence of capitulation having already taken place was the “staggering volume of BTC” that locked in a realized loss between May and July.The collapse of Terra triggered a total realized loss of $27.77 billion while the June 18 plunge below the 2017 cycle all-time high resulted in a total realized loss of $35.5 billion.Is this the end of the bear market?
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