The Daily: Peter Thiel and Founders Fund exit ETHZilla, K33 says bitcoin is approaching 'late bear market territory,' and more
• The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
K33
Bitcoin approaches 'late bear market territory' as regime signals echo 2022 bottom, K33 says
• Bitcoin nearing late bear market territory, echoing 2022 bottom signals. • Defensive sentiment rises as traders adopt cautious stance. • Leverage levels drop, indicating reduced