Bitcoin is Seeing the Largest Capital Outflow in its History
<p>The analytics company Glassnode released the results of its analysis of bitcoin’s price, emphasizing that the cryptocurrency slipped below its 200-day moving average (DMA), which is often considered a bear market.</p>
<p>With bitcoin price down around 70% since its all-time highs in November 2021, Glassnode says the current bear market is “a bear of historic proportions,” mentioning that 2022 is the most significant bear market in bitcoin’s history.</p>
<p>Looking at the 30-day position change of the realized cap (Z-Score) to find the relative monthly capital inflow/outflow into bitcoin, Glassnode concludes that the digital asset is currently experiencing the largest capital outflow event in its history.</p>

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