2022 Bitcoin Comprehensive Review: Data and Changes Under the Bear Market

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In 2022, affected by the global liquidity tightening, Bitcoin ended the bull run of the previous two years and entered a volatile downward Bear Market. The coin price fell below $20,000, leading to a series of collapses among major exchanges and protocols, severely damaging market confidence. This article comprehensively reviews the data changes of Bitcoin in terms of the trading market, on-chain fundamentals, chip structure, mining, applications, and other aspects, providing an analytical basis for the outlook for the coming year.

Main content summary:

  1. exchange market

Bitcoin's annual decline exceeds 65%, showing a "stair-step" decrease. The exchange's Bitcoin inventory has decreased by 20.20%. After October, the market leverage ratio fell from a high of 40.47% to below 30%. Institutional holdings have gently decreased by 4.54%, and the OTC premium rate has dropped to -44%.

16 images to understand Bitcoin this year: Over 140 million new addresses, the average profit chip ratio is 60.50%

16 images to understand Bitcoin this year: over 140 million new addresses, the average proportion of profitable chips is 60.50%

16 images to understand Bitcoin this year: over 140 million new addresses, average profit chip ratio is 60.50%

16 images to understand Bitcoin this year: over 140 million new addresses, with an average profit chip ratio of 60.50%

  1. on-chain fundamentals

The number of active on-chain addresses has decreased compared to last year, but remains relatively stable. The total number of transactions throughout the year is 88.99 million, a decrease of 4.13% from last year. However, the total transaction amount is 1.256 billion BTC, an increase of 36.37%. On-chain transaction fees show a clear downward trend.

16 charts to understand Bitcoin this year: new addresses exceeded 140 million, with an average profit share of 60.50%

16 charts to understand Bitcoin this year: over 140 million new addresses, with an average profit chip ratio of 60.50%

16 images to understand Bitcoin this year: over 140 million new addresses, with the average proportion of profitable chips at 60.50%

16 images to understand Bitcoin this year: over 140 million new addresses, with an average profit chip ratio of 60.50%

  1. Chip and Address Structure

The average profit chip ratio is 60.50%, while the annual average of 40% of chips are at a loss. The concentration of chips in "whale" addresses first rises and then falls. The proportion of small addresses and addresses with extreme holding periods is increasing.

16 images to understand Bitcoin this year: over 140 million new addresses, with an average of 60.50% of profitable chips

16 charts to understand Bitcoin this year: over 140 million new addresses, the average proportion of profitable chips is 60.50%

16 charts to understand Bitcoin this year: over 140 million new addresses, the average proportion of profitable chips is 60.50%

16 pictures to understand Bitcoin this year: over 140 million new addresses, average profit chips account for 60.50%

  1. Mining

The overall network hash rate has gently increased by 11.21%, but the income per unit of hash power has decreased by 76%. The overall selling pressure from miners is not significant, with an MPI average of -0.52.

16 charts to understand Bitcoin this year: over 140 million new addresses, average profit chip ratio is 60.50%

16 Charts to Understand Bitcoin This Year: New Addresses Exceed 140 Million, Average Profit Chips Account for 60.50%

  1. Applicability

The number of Lightning Network channels decreased by 18.53%, but the funding capacity increased by 46.19%. The circulation of WBTC decreased by 24.48%, indicating a reduced connectivity with other ecosystems.

16 images to understand Bitcoin this year: over 140 million new addresses, with the average proportion of profitable chips at 60.50%

16 Charts to Understand Bitcoin This Year: New Addresses Exceed 140 Million, Average Profit Chips Account for 60.50%

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SleepyArbCatvip
· 14h ago
Woke up to find my Wallet shrank by 65% zzz Daily drift warning
View OriginalReply0
ZKProofstervip
· 14h ago
technically speaking, weak hands got rekt as expected
Reply0
LayerZeroHerovip
· 14h ago
Data doesn't lie, the fall is indeed too steep.
View OriginalReply0
TokenomicsTinfoilHatvip
· 14h ago
The fall continues, but the Bear Market will eventually see spring.
View OriginalReply0
FadCatchervip
· 14h ago
Another year of being trapped in everything.
View OriginalReply0
LiquidatedNotStirredvip
· 14h ago
The bear has no way out now, sharpening its knife.
View OriginalReply0
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