Bitcoin Crash To $72,000 Signals Major Reset: On-Chain Metrics Deteriorate

8 hours ago

Blockchain analytics firm Glassnode released a new

Bitcoin Crash To ,000 Signals Major Reset: On-Chain Metrics Deteriorate

Bitcoin Crash To $72,000 Signals Major Reset: On-Chain Metrics Deteriorate

Blockchain analytics firm Glassnode released a new report on Wednesday highlighting a growing list of warning signals for Bitcoin (BTC), as the market’s leading cryptocurrency slid back to the $72,000 level during the latest market downturn. 

Bitcoin has fallen below key risk indicators. Source: Glassnode
Crucial Bitcoin demand zones. Source: Glassnode
The 1-D chart shows BTC’s price downtrend increasing over the past week. Source: BTCUSDT on TradingView.com

At the time of writing, the leading cryptocurrency was trading at approximately $73,099, marking a significant 18% retracement over the course of the week. 

Featured image from OpenArt, chart from TradingView.com 

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