Latest data shows Bitcoin's annual net realized profit has dropped to 2.5 million, a level comparable to the bear market in March 2022, indicating a weakening of market momentum.
Market Trend Analysis
During the March 2022 bear market, the market generally showed weakness and investor confidence was low. Today, this data has fallen to the same level again, suggesting the market may be facing similar challenges.
- Bitcoin price volatility has decreased
- Investor sentiment is cautious
- Market momentum indicators show a downward trend
Analysts note that this trend could signal further adjustments in Bitcoin's future price, and investors should remain vigilant.