Glassnode: Bitcoin Approaches Bottom of Early Bear Market

On-chain analytics firm Glassnode has released new insights on Bitcoin's current market trends, indicating that the cryptocurrency may be closer to the end of its early bear stage than previously thought.

The analysis, which focuses on various metrics such as transaction volume and supply chain dynamics, suggests that Bitcoin is beginning to exhibit signs of a bottoming phase.

However, it's essential to note that this does not necessarily mean a significant price rebound is imminent. The firm's data highlights the complexities of market fluctuations and cautions against making definitive predictions based on current trends.