An analyst explained that Bitcoin has historically seen recovery from bearish phases like the one the cryptocurrency is going through.

Data shows the Bitcoin Net Taker Volume has been mostly at negative levels recently. Here’s what this could mean for the asset’s price.

On-chain data shows that Bitcoin has been seeing an exodus of investors recently, while the Ethereum network has continued to grow.

On-chain data shows the Bitcoin Exchange Whale Ratio has been on the up recently, a sign that could prove to be bearish for the asset’s price.

Bitcoin has continued to struggle recently, and its price even briefly fell below $60,000.

On-chain data shows the Bitcoin whales have continued to hold onto their coins despite the fact that BTC has gone through bearish action recently.<

A quant has explained that Bitcoin could end up seeing an extended drawdown if the past pattern in the Open Interest ends up repeating.

A quant has pointed out a pattern in a Bitcoin on-chain indicator that may imply the bull phase may be close to ending for now.

Data shows that Bitcoin Coinbase Premium has plunged into the red territory, which may explain why the asset’s price has crashed to under $68,000.<

Data shows the Bitcoin Coinbase Premium Index has turned negative once more, a sign that could prove to be bearish for the asset’s price.