Despite ‘worst bear market ever,’ Bitcoin has become more resilient, Glassnode analyst says

2022.07.13 12:26

Despite ‘worst bear market ever,’ Bitcoin has become more resilient, Glassnode analyst says

While the current bear market may be the worst on record, on-chain metrics signal that the Bitcoin (BTC) network is becoming increasingly resilient, said Glassnode analyst James Check during a recent interview with Cointelegraph.

In particular, Check refers to the amount of Bitcoin holders who don’t sell even in extreme market conditions, which has become much higher than in previous bear markets.