Half of the Bitcoin Supply in Circulation Is Underwater for the First Time Since 2022
Bitcoin has fallen about 50% from record highs, while U.S.-listed funds have seen US$5.5 billion in outflows, K33 Research said.
9 Articles
9 Articles
The leading cryptocurrency, Bitcoin (BTC), has fallen to the $60,000 level following recent declines. As a result, more than half of Bitcoin's circulating supply is currently trading at a loss. This suggests that the bottom for BTC may be approaching. According to The Block, K33 Research's latest analysis indicates that more than 50% of Bitcoin's circulating supply is currently trading at a loss. [...] Source: Bitcoinsistemi.com
Millions of Bitcoin are losing money, while experts say long-term opportunities remain. The post More than 8 million bitcoins are losing money amid the crypto market crash appeared first on Portal do Bitcoin.
What should be remembered: More than half of the bitcoin supply in circulation is now traded at a loss, compared to 30% a month ago. This threshold has historically been reached only when the big cash market bottots approach, according to K33. During past cycles, the ‘floor' arrived in a few weeks, but often after a last violent fall. After a brutal month that saw Bitcoin fall by 28%, from a peak close to $82,000 to less than $60,000, more than …
Coverage Details
Bias Distribution
- 67% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
