Amid the "fear and panic" in the crypto markets, as Bitcoin drops 50% from all-time-highs, Glassnode.com's 'Permabull Nino'  details the current uncertainty that overhangs the Bitcoin market, and the psychology of its participants attempting to regain their footing in the following areas:

HODLer profits sitting at key historical levels, and the overall observable investor response

Zoomed out supply dynamics and spending behavior among short-term and long-term holders, and what it indicates about investor sentiment in the medium to long term

Derivative activity, and what it can imply about shorter term expectations towards Bitcoin price action