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5 Bearish Onchain Charts

With bankers pricing in recession and macro skirmishes annihilating alts, let's take a look at the specific metrics promising market gloom.

Jack Inabinet
Apr 17, 2025 • 5 min read

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Crypto prices have underwhelmed since Trump's much-hyped inauguration, and now the stock market is joining in on the malaise.

There is an increasing number of macro charts floating around on Twitter that sell the story of an impending bear market, but after several months of crypto price depression, there's a lot of noteworthy onchain data here too.

Today, we’re discussing five crypto indicators that are showcasing trouble ahead 👇🐻

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5 Bearish Onchain Charts

Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.