US EditionBitcoin Supply in Profit and Loss Closer to 2022 Bear Market Levels
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Bitcoin Supply in Profit and Loss Closer to 2022 Bear Market Levels – #CryptoUpdatesGNIT
The amount of Bitcoin supply in profit and loss is now getting closer to levels typical of a bear market, according to a CryptoQuant analyst. There are currently about 11.2 million Bitcoin (BTC) in profit. The previous bear market recorded 9 million BTC in profit at its lowest point, CryptoQuant analyst “Darkfost” said Thursday. CryptoQuant data also shows there are about 8.2 million Bitcoin at a loss, with Glassnode data confirming it’s at lev…
At $66,000, the market reveals a fragility rarely observed on this scale. A significant part of the supply is under pressure, while some historical investors are beginning to give in. Between capitulation and shortening of demand, this phase marks a turning point in the current market dynamics. It remains to be seen whether this tension announces a simple adjustment... or a deeper change of cycle. The article Bitcoin holders record latent losses…
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