According to CoinMarketCap, Glassnode reports that multiple Bitcoin on-chain metrics now mirror conditions at the start of the 2022 bear market, including elevated top buyer stress and a sharp rise in supply held at a loss, source: CoinMarketCap citing Glassnode. For traders, these readings are identified by Glassnode as early bear-market characteristics marked by growing unrealized losses among recent buyers, source: CoinMarketCap citing Glassnode.