Unrealized Gains In Bitcoin Despite Bear Market – CoinDesk

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Today, CoinDesk published the Q2 Research Report covering the most important trends impacting the crypto market. Pressure from Chinese regulators on Bitcoin mining and renewed attention on the asset’s overall energy footprint pushed prices down overall creating a new bear market. Q2 2021 hedge fund letters, conferences and more Key Findings Include: For institutional investors: There are two metrics in this report (Slide 25 & 23) that suggest unrealized gains in the BTC market. Therefore, a strong possibility that the current bitcoin bear market we’re in will be short-lived.In 2021 Q2, $BTC ha…

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