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Bitcoin: On-chain metrics to consider in this bear cycle before going…

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The crypto market has had quite a ride this month after bearish waves struck down major cryptocurrencies. The global crypto market capitalization also fell below $1 trillion leading to failing crypto institutions such as 3AC and Celsius.

Bitcoin also suffered heavy drawbacks during the period.BTC reached its lowest levels since December 2020 after dropping below $17,750.

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