How bad is the current state of cryptocurrencies? On-chain Analyst Explains By Cointelegraph

Despite the market downturn and widespread negative sentiment in the industry following the crash of FTX, on-chain data still shows reasons for the upside (BTC).

As on-chain analyst Will Clemente pointed out, just consider the position of long-term holders who have hit all-time highs despite their profitability being at all-time lows.

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