Market Lull Shifts Focus to Fundamentals [Chartbook]

Market Follows Weak January Playbook

The new year picked up right where it left off at the end of 2021, with a vast majority of crypto assets struggling to maintain momentum as a wave of liquidations and bearish sentiment plagues the market. BTC and ETH have fallen ~8% and ~11% since New Year’s Eve, in line with the notion that January tends to be unkind to crypto investors; the two are both down roughly 30% over the last two months alone.