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Bitcoin shows weakening price structure as capital outflows surpass inflows, indicating a potential deeper bear market and heightened risk of further price declines in the near term.
Bitcoin rebounded to the mid-to-high $80,000s but shows signs of cautious institutional demand and possible early bear market signals, despite trading above key long-term moving averages.
Glassnode’s latest analysis shows Bitcoin’s market structure resembles early 2022’s bear market, with high supply in loss and declining long-term holder profits, signaling a fragile balance between c…