Not in favor of the beginning of the global growth of Bitcoin is the Realized Profit/Loss metric from Glassnode. It tracks the ratio between coins moved at a profit and coins moved at a loss.

As can be seen from the history, all reversals began after this parameter entered the red zone (large-scale sales, liquidations, panic). At the moment we are very close to this zone, but have not yet entered. Therefore, it is far from a fact that the correction has already been completed.

⚡️A very visual chart of how much it spends:
- 1 transaction in the Bitcoin network
- 1 transaction on the Ethereum network (now)
- 1 transaction on the Ethereum network (after switching to POS)

There is an obvious inverse correlation between the total balance of BTC on exchanges and the price of Bitcoin (Glassnode infographic). The balance is falling = the price is growing, now everything is going to start such a trend.

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According to IntoTheBlock analysts, now the volume of trading with NFT-tokens based on the Ethereum network is equivalent to 10 billion dollars a month. The growth of the indicator was especially noticeable in January 2022 - then it amounted to $17 billion.

So non-fungible tokens are still in trend.

According to Glassnode, the number of bitcoins that have not moved for more than a year has reached an all-time high. Hodlers are more confident than ever in long-term growth.

The total balance of BTC on crypto exchanges fell to a minimum in 4 years. Most likely, investors do not plan sales in the near future.

An interesting picture appeared on the correlation chart of the dollar index and the price of Bitcoin from Glassnode. While the DXY was falling, we saw the BTC rise. And as soon as the dollar began to strengthen, the main cryptocurrency moved into a protracted sideways trend.

We are now facing a clear rise in DXY, and until it stops, the cryptocurrency market will have a hard time growing.

⚡️List of protocols with the volume of assets placed in them. It is worth taking a closer look at Lido.finance

The amount of funds raised in projects through IDO, ICO and IEO has been falling significantly lately and has already reached a minimum since July last year (Cryptorank)

The fear and greed index dropped to 11 points - extreme fear 😬

Ah shit, here we go again

Bitcoin today fell to the level of $29,000 and thus provoked a wave of panic in the market. Many alts are seriously ill, most of them fall by 20-30 percent. But even among them there is an absolute champion #LUNA. Despite all the prospects of the project, the coin lost 90% of its value in a day, and if you count from ATN - 99.5%. It is clear that there is a whole story revolving around the dump with its undercover games, but for us this is a great reminder that you need to diversify your portfolio wisely and how powerfully to put adequate stops more often.

The fear and greed index is already showing extremely low values, from which we have very often reversed before. Therefore, if you believe Buffett, then buying when blood is shed in the markets can already be partially begun.

Bitcoin closed the seventh losing week in a row. Something similar already happened in 2015 (6 weeks in a row), after which we saw a 30% rebound from the low and continued decline.

On Bitcoin, the metric of realized profits and losses (therationalroot) shows the entry into the extreme zone. In fact, this means that the price drop to the $26,000 area has caused so many investors to panic and sell in the red. Such moments on the BTC chart often became reversal.

Meanwhile, the bitcoin hash rate continues to update all-time highs (cryptoquant). At the same time, the BTC price is still in correction, usually such a divergence led to an increase in the cost of the main cryptocurrency. Against the background of eight closed unprofitable weeks in a row, such a scenario looks very plausible. A rebound should definitely happen in the next couple of weeks.

But globally, the time is not right now for optimism. The tightening of monetary policy in the US is pulling many markets down, including cryptocurrency.

Against the background of the falling price of bitcoin and the growing complexity of mining, the profit of miners has been significantly reduced for 9 months in a row (Arcane)

Already soon a month as the index of fear and greed will be in the zone of extreme fear. Exactly the same thing happened in March 2020 and the end of 2018, when the crypto market hit the bottom. Subsequently, both times we received uptrends with X's. The only question is whether history will repeat itself.

But according to the index, now is one of the best moments to buy before rising🚀

The level of capitulation of long-term BTC investors has reached the extreme zone (SOPR metric from CryptoQuant). This is where the final phase of the bear market and the reversal historically took place. This, of course, does not exclude the possibility of a further fall and a new stage of accumulation several months long, but globally the sign is positive.

Estimated leverage on bitcoin continues to grow and already looks menacing. The next momentum could wash away a huge number of margin traders and draw a giant candle. Be careful.
(data CryptoQuant)

According to Peter Brandt, the worst-case scenario for Bitcoin would be a fall to $13,000. This will be a full-fledged development of the double top pattern.
However, these are already obvious things. The chances of seeing a good rebound from $20,000 are very high, but getting a full reversal is doubtful.

Authoritative trader Peter Brandt believes that Ethereum may fall to the $300 area if the Head and Shoulders reversal pattern is fully worked out. At least for the current ones, he definitely does not want to buy.

Recently, all forecasts are like a selection - all pessimistic and one is worse than the other. But the simple truth that you need to buy when blood is shed in the markets and everyone is scared, has always worked flawlessly and brought excellent profits 🚀

The 2021-2022 bear market is well within the normal behavior of previous correction cycles. Moreover, at the moment it is even quite light in relation to the 2013-2015 and 2017-2018 cycles.