📊 According to Glassnode, the current market structure resembles the situation of May 2022, when the Terra/LUNA ecosystem collapsed.
With the price of Bitcoin at $70,000, the unrealized loss is approximately 16% of the market capitalization.
CryptoQuant CEO Ki Young Ju noted that he does not see prospects for the growth of the Bitcoin price, as it faces strong selling pressure.
Even an influx of $308 billion in 2025 could not improve the situation for companies providing liquidity under the current difficulties.
