Bitcoin [BTC]: Will H2 2022 finally bring some good news for investors

From the highs of $68k to the sinking levels of $17k, Bitcoin has seen it all. The first half of 2022 has been a glaring reflection of the volatility trends of the crypto-economy. During this period, both internal and external factors were at play to conclude one of the worst half-yearly performances from Bitcoin.Despite its blemishes, the ongoing bear market remains the least severe in Bitcoin’s history from a drawdown perspective.

This is usually a sign that the average Bitcoin investor is holding coins below the on-chain cost basis. By extension, it means they are carrying an unrealized loss.

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Source: CryptoAmb - 🏆 22. / 68 Read more »