🐻 Bear hugs for Bitcoin (BTC) traders! A new report suggests that a return to bullish days may take a while. 📉 CryptoQuant's latest analysis shows that Bitcoin market vibes are reminiscent of late 2022's bear market. Whales have been busy, distributing coins worth $1 billion in July alone! 😲 Traders are currently sitting on unrealized losses of 17%, the highest since the last bear market. Miners are also in a "capitulation" phase, struggling to break even. CryptoQuant's CEO suggests staying "long-term bullish but avoid excessive risk." What's your strategy for these bearish times? 🤔 Let's chat below! 👇