Quote from: Susano on January 23, 2023, 05:02:52 PM

Just how bad is the bear market right currently?
Historically low expenses have survived for a longer period in the present bear market cycle than in any other.
The leading cryptocurrency, Bitcoin, has been in a freefall since January 2021, when it hit a high of $69,000. A maximum unrealized failure of 75% from the all-time high was sustained by long-term investors as BTC fell to $17,000 midway through the year. An important indicator of the true worth of one's Bitcoin assets is the net unrealized profit or loss (NUPL).

Is the Current Bitcoin Bear Market That Bad?
At its present NUPL value, the Bitcoin network is experiencing a loss. A review by CoinGabbar indicates that there is still room for maximal BTC investment at this time. In contrast, it appears that institutional investors are not actively buying up Bitcoin. Compared to the Bitcoin lows in July 2022, the present loss condition is significantly better.

Bitcoin has been on a downward trend recently. The cryptocurrency market hit a three-month low of $18,432 earlier this week. CoinGabbar reports that the current price of Bitcoin (BTC) is $18,930, down 3.21% in the previous 24 hours. Since its price dropped recently, Bitcoin's share of the cryptocurrency market has shrunk. This means that Bitcoin now accounts for 41.02% of the total market cap of all cryptocurrencies.

Institutional Investors Have Little Faith
Grayscale, a company that manages bitcoin assets, has noticed a decrease in its Bitcoin volumes. What this says is that institutional investors are not optimistic. The largest institutional investor in Bitcoin, Microstrategy, has increased its holdings. According to their most recent SEC filing, the firm has spent $6 million for Bitcoin at a price of approximately $19,851 per token. Together with its affiliates, Microstrategy now governs over 130,000 BTC.
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Yes. The market is changing from time to time. In 2021, there was hype is bitcoin going to be 100K dollars. But it was stopped at 69K. If you remember 2013, the same hype is there. On those days we will assume BTC is going to the 10K. But I think 2025 is the year for bitcoin for the next bull run. I am waiting for the mass adoption of bitcoin by global users. After that next bull run will start.