The Currency analytics
By dan saada
Bitcoin's current nosedive looks worse than 2022. CryptoQuant dropped data Wednesday showing the crypto giant fell 23% over 83 days since November, while 2022's same stretch only…
"Momentum is deteriorating faster this cycle," CryptoQuant said in their report. The numbers don't lie - Bitcoin peaked at $126,000 in October before that brutal liquidation…
The "Traders' On-chain Realized Price" became Bitcoin's enemy recently, rejecting it three times. During bull runs, that level acts like a safety net.
Santiment's data shows sentiment for Bitcoin and Ethereum hit "extremely bearish" territory.
Glassnode wasn't pulling punches either. They said: "The BTC bear market rages on as profitability resets, realised losses rise, spot demand stays weak, and leverage unwinds.
The broader crypto market took a beating too. Total market cap sank 4.4% to $2.53 trillion - lowest since April 2025.
Ethereum's struggles got worse Thursday, February 5. It can't climb back above $2,100 and there's no recovery in sight.
Market participants don't know where this ends. Some fear we'll revisit 2024's bear market lows, and honestly, nobody's ruling it out.
CryptoQuant's analysis zeroed in on that Traders' On-chain Realized Price level again. The repeated rejections there signal a major shift in market dynamics.
And there's more bad news brewing. CryptoQuant's February 5 data revealed Bitcoin's network activity is declining.
Glassnode reported February 4 that Bitcoin's realized losses hit new highs. That metric tracks coins sold at a loss, and it's surging.
Brian Quinlivan from Santiment voiced concerns about more volatility coming. He noted retail investor sentiment is extremely negative, which could trigger unpredictable price…
February 5 saw Bitcoin's trading volume spike as traders reacted to the price drop. Major exchanges recorded the surge, suggesting heightened activity as investors either give up…
The crypto space faces serious challenges right now. Many altcoins crashed 80% from their peaks, highlighting the extreme risk and instability investors are dealing with.
Bitcoin's network fundamentals keep weakening. User engagement is down, realized losses are up, and support levels keep breaking.