【CoinDesk】Blockchain Indicator Suggests Bitcoin Could Be Close to Bottoming Out

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As reliable blockchain indicators suggest, Bitcoin may be in its latest phase of bearish after dropping nearly 40 percent in value over the past two months.

The ratio of the cryptocurrency's market value to the annual dollar value of bitcoin dormancy is below $250,000.

Low dormancy flow values indicate a time when the market cap is undervalued compared to the annual dormancy of bitcoin.

【CoinDesk】Blockchain Indicator Suggests Bitcoin Could Be Close to Bottoming Out

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