Bitcoin Price Recovery Falters as Bearish Trends Resurface
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Bitcoin on-chain data shows "uncertain" conditions as speculative investors display behavior reminiscent of 2022 bear market.
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Realized cap of 1-month old Bitcoin supply has collapsed back to below $20 billion, similar to bear market bottom.
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This metric reflects market volatility and inconsistent recovery, impacted by macro issues.
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Analyst says market likely to remain uncertain without significant uptrend by year's end.
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Newcomers should not expect continuous, strong price increases like in early 2023.
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