Bitcoin is 40%+ down from its ATH, but on-chain analysts say it's ‘starting to bottom out’.
Analysts say BTC’s weakness is exacerbated by institutional investors exiting futures markets, but on-chain data hints that Bitcoin is in an early bottoming process.
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https://www.mertium.com/a/19013824/ATH was last year right? That maybe a huge drop but still look at the 5 years trend Bitcoin is still up by a huge percent and I think that is what matters especially if you are holding Bitcoin for long term. We can't expect Bitcoin to stay on ATH price, corrections are necessary and that 40% down is a great opportunity to buy again, that only means Bitcoin are still affordable, better to grab that opportunity to buy don't wait for the price to rise again.