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Bitcoin Melts Down by 18.8% in Real Value Amid Bear Season

  • Blockchain data platform Glassnode shares a significant graph on Bitcoin’s “Realized Cap” or “Realized Value”.
  • The graph shows a drop of 18.8% in the Realized Value during the 2022 bear season, indicating the severity of the bear market.
  • According to Glassnode, it has been 188 days since this drop in Realized Value, and the recovery process is similar to previous cycles, suggesting the downturn may be nearing its end.

Bitcoin’s Realized Value: A Deep Dive into the Data

Understanding the Realized Value

The term “Realized Value” is used in the world of cryptocurrency to denote the total value of Bitcoin that has been transacted so far. This metric is crucial as it helps investors understand the difference between the purchase price and the selling price of an asset. For instance, if an investor makes a profit after purchasing an asset, it results in an increase in the Realized Value.

The 2022 Bear Season and its Impact

The bear season of 2022 saw a significant drop in Bitcoin’s Realized Value. According to data shared by Glassnode, there was a decline of 18.8%, making it the second-largest drop in history. This substantial decrease is a clear indication of the severity of the bear market during this period.

Recovery Process: A Glimpse of Hope

Interestingly, the data also reveals that it has been 188 days since this significant drop in Realized Value. Glassnode suggests that the recovery process is following a similar pattern to previous cycles, which typically lasted between 95 and 239 days. This similarity could indicate that the downturn may be nearing its end, offering a glimmer of hope to cryptocurrency enthusiasts.

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Marisol Navaro
Marisol Navarohttps://en.coinotag.com/
Marisol Navaro is a young 21-year-old writer who is passionate about following in Satoshi's footsteps in the cryptocurrency industry. With a drive to learn and understand the latest trends and developments, Marisol provides fresh insights and perspectives on the world of cryptocurrency.
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