Bitcoin is exhibiting classic bottoming-out territory when viewed through the lens of unrealized losses, CryptoQuant says.
Bitcoin (BTC) traders face bear market-style losses as a new report warns that a return to upside could take months.
In its latest Weekly Report shared with Cointelegraph on July 10, onchain analytics platform CryptoQuant said that Bitcoin market conditions echo late 2022.
Bitcoin faces multiple hurdles in returning to its bull market, and traders and miners are feeling the strain.
