Bitcoin Market Echoes Early 2022 Trends Amidst Price Volatility

Bitcoin prices are experiencing a turbulent ride, with market dynamics closely mirroring those seen early in 2022. Over 25% of the Bitcoin supply is currently underwater, a phenomenon echoing past conditions where institutional demand weakened and cautious trading emerged. As this trend persists, key players like long-term holders, short-term holders, and whales are shaping market movements through their strategic accumulation.