Following a period of substantial capital inflows at the beginning of the year, the recent months have witnessed a shift towards either neutral or negative inflows, suggesting a period of stagnation as uncertainty took over the asset class.
“Liquidity across the digital asset market continues to dry up, with both on-chain and off-chain volumes reaching historical lows. Whilst HODLing remains the market preference, a significant proportion of the supply is teetering on the edge of falling into a significant unrealized loss.” The market is currently experiencing minimal profits or losses, indicating that most of the coins being traded are roughly at the same price as when they were acquired. Realized Profit and Loss levels are also reminiscent of the 2020 market, emphasizing that the excitement and excessive optimism from the 2021 bull market have likely been entirely wiped out.
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