Bitcoin’s Cooling Network May Be Confirming The Market’s Present State – Here’s What To Know
NegativeCryptocurrency

- Bitcoin's price has seen a significant decline from its peak of $126,000, leading to increased speculation about a potential bear market phase. Recent on-chain indicators suggest that Bitcoin may have entered this bearish phase, with network activity showing signs of cooling.
- This development is crucial as it reflects the market's current state, impacting investor sentiment and trading strategies. The inability to maintain key support levels, particularly around $90,000, raises concerns for long-term holders and traders alike.
- The broader cryptocurrency market is experiencing heightened volatility, with analysts noting bearish signals and patterns that suggest a potential further decline. The fear and greed index indicates extreme fear among traders, reflecting a loss of confidence and the possibility of a deeper market correction.
— via World Pulse Now AI Editorial System







