3 charts showing this Bitcoin price drop is unlike summer 2021

Cointelegraph

Published Jun 28, 2022 06:28AM ET

Updated Jun 29, 2022 08:20AM ET

Bitcoin (BTC) bear markets come in many shapes and sizes, but this one has given many reasons to panic.

BTC has been described as facing "a bear of historic proportions" in 2022, but just one year ago, a similar feeling of doom swept crypto markets as Bitcoin saw a 50% drawdown in weeks.

Bitcoin estimated hash rate chart (screenshot). Source: MiningPoolStats
Bitcoin active addresses chart. Source: CryptoQuant
Bitcoin exchange reserves chart. Source: CryptoQuant

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