Euphoria = exit liquidity. The biggest bear market signal is not a chart. It’s how happy and confident CT gets. On-chain backed it up: • new investors lost confidence • top buyers are underwater • unrealized losses are back in “bear regime” territory • LTHs are distributing into weakness If you ignored this because vibes were good, you were the signal. s/o @glassnode for the charts.

glassnode
@glassnode
02-07
🔄 BEAR MARKET ASSESSMENT UPDATE:
As noted in the quoted thread, around Halloween, on-chain investor behaviour signalled a potential transition into a bear market.
Over the ~100 days after, price has seen an additional 45% ($110k --> $60k) contraction.
Using the same set of x.com/CryptoVizArt/s…





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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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