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On-Chain Data Flashes Multiple Bear Market Bottom Signals

1 min read Original Link

Crypto markets have historically been cyclical based on Bitcoin halving events. Bitcoin halvings happen every time 210,000 blocks are mined — roughly every four years. The last halvings occurred in 2012, 2016, and 2020.

Between each halving, a bull market has been followed by a bear. Given the transparent nature of most blockchain networks, it is possible to review on-chain data to identify patterns and similarities from previous cycles.

CryptoSlate’s research team has reviewed data from Glassnode and identified several potential bear market bottom signals.

(By Liam 'Akiba' Wright and James Van Straten)

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