According to Glassnode's analysis, bear market conditions (or at least the worst of it) may now be behind us.

The strong market performance in 2023 is a stark contrast to 2022, and suggests a favorable regime shift is under way.

Bitcoin sits in somewhat neutral territory, and above the foundation forming supply cluster between $16k to $25k, where significant coin volume changed hands.

Is the Bitcoin bear behind us?

❤️ Yes
🔥 No

https://twitter.com/CryptoCoinCoach/status/1648646160465182724

@Coach