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Benzinga
Benzinga
Business
Samyuktha Sriram

It Looks Like A Bitcoin Bear Market, Says Glassnode

Glassnode

On-chain analytics firm Glassnode has concluded that Bitcoin (CRYPTO: BTC) currently has “numerous bearish headwinds in play.”   

What Happened: In the most recent edition of its weekly on-chain report, Glassnode said the probability of a more sustained bear market can be expected to increase given the fact that recency bias and the magnitude of investor losses weigh on sentiment.

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