The final days of 2022 give yet another very low reading for on-chain indicators, especially Bitcoin. BeInCrypto examines the on-chain cost basis and realized market capitalisation in today’s investigation.
Some on-chain measures suggest that the current bear market has already found its bottom. Others, on the other hand, believe that the final capitulation is still to come, and that the macrobottom will not show until 2023.
Today’s on-chain study goes more toward the latter scenario, since two crucial Bitcoin market measures have yet to show indications of improvement. Despite the fact that the cost basis and realized market capitalization are both exceptionally low today, there are no signals of a bullish reversal.
