
Research: BTC and ETH bear market started in mid-2021, data suggests
Active addresses indicate that the bear market set in months before BTC and ETH prices attained all-time highs in November 2021.
Read sharp crypto market analysis, expert breakdowns, and on-chain insights covering Bitcoin, Ethereum, altcoins, and macro trends.

At the beginning of the year, when the crypto market was red hot, it was extremely tough to understand what was going on in the NFT industry.

Implementing token burn has caused Ethereum's average gas fees to fall from around 100-200 Gwei in early 2021 to 15-20 Gwei in December 2022.

Bitcoin price fell 65% in 2022 as opposed to the 73% decrease recorded in 2018.

Futures open interest and estimated leverage ratio reached the highest levels for over a month.

The total supply of addresses that host between 1 and 10 Bitcoin also surpasses 2 million.

Buterin said he hopes that the SOL community "gets its fair chance to thrive.”