Bitcoin [BTC]: Will H2 2022 finally bring some good news for investors

ambcrypto.com:

From the highs of $68k to the sinking levels of $17k, Bitcoin has seen it all. The first half of 2022 has been a glaring reflection of the volatility trends of the crypto-economy. During this period, both internal and external factors were at play to conclude one of the worst half-yearly performances from Bitcoin.

This pattern was evident in Glassnode and CoinMarketCap’s new report too.

Despite its blemishes, the ongoing bear market remains the least severe in Bitcoin’s history from a drawdown perspective. However, the scale and the magnitude of the impact have been the largest to date.

In percentage terms, other Bitcoin bear markets have fared more severely in the past. The aforementioned varied from 93% in 2011, 84% in 2015, 2018, and 75% in March 2020.

Source: Glassnode/ CoinMarketCap

All historical Bitcoin bears have seen prices dip below the Realized Price for an average period of 180 days (excluding March 2020 which lasted just seven days). When spot prices trade below the realized price, the MVRV Ratio will trade below a value of 1.

This is usually a sign that the average Bitcoin investor is holding coins below the on-chain cost basis. By extension, it means they are carrying an unrealized loss.

Source: Glassnode/ CoinMarketCap

The following is another metric that will help in understanding the realized profit/loss after the November 2021 ATH. Since then, Bitcoin has seen four major days of “capitulation”. In December 2021 and January 2022, the market saw two deleveraging events. These days realized net losses of $2.18B and $2.51B.

Then again, during the second quarter, there were two major blackout events. During this period, the LUNA collapse proved to be the catalyst for the events to follow.

Bitcoin investors realized