According to Wu Blockchain, Bitfinex Alpha believes that Bitcoin is showing characteristics of the mid-to-late stages of a bear market. Currently, the price is fluctuating between the long-term realized price of $52,699 and the short-term holder realized price of $67,176. The median realized price near $63,200 has consistently provided support over the past two weeks. If this level is breached, the price may retest the June low of $57,803. Meanwhile, Bitcoin spot trading volume has dropped to levels close to early 2019, and on-chain transfer speed has hit a seven-year low, indicating that market liquidity and trading activity are both at low levels. https://(wublock123.com)/news/bitfinex-alpha-bitcoin-bear-market-late-stage-liquidity-66676