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Three Bitcoin Metrics Suggest a Prolonged Bear Market Is Here

  • Glassnode warns on low profitability, unrealized losses
  • Almost entire short-term holder supply is underwater amid fall
A bitcoin logo sign protrudes from a cryptocurrency exchange kiosk in Istanbul, Turkey.

A bitcoin logo sign protrudes from a cryptocurrency exchange kiosk in Istanbul, Turkey.

Photographer: Moe Zoyari/Bloomberg

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A hefty debate is underway in the crypto space about whether Bitcoin is mired in a drawn-out bear market.