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Bitcoin on Coinbase declined 36% since all-time-high, here’s what could come next Bitcoin on Coinbase declined 36% since all-time-high, here’s what could come next

Bitcoin on Coinbase declined 36% since all-time-high, here’s what could come next

Two years from the March 2020 crash, markets are in a delicate balance. The risk of a similar crash is building up, and such an event would be consistent with the ends of prior bear cycles. However, the longer-term accumulation trends are still impressively constructive.

Bitcoin on Coinbase declined 36% since all-time-high, here’s what could come next

Cover art/illustration via CryptoSlate

Are we in for a crash like the one hitting the crypto market two years ago? There’s certainly no shortage of storm clouds on the horizon.

The uncertainty associated with the many macro- and geopolitical risks has weakened shorter-term on-chain accumulation trends since January, according to on-chain analysts Glassnode.

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