Analysis: Bitcoin On-Chain Loss Levels Approaching Those of the Previous Bear Market End
ChainCatcher reported that CryptoQuant analyst Darkfost stated the market is approaching the loss supply level seen during the last bear market. Currently, more than 9.5 million bitcoins are in a loss position, while about 10.4 million bitcoins remain in profit. Darkfost also pointed out that the market is about to reach a situation where the number of bitcoin holdings in loss and profit are roughly equal, a scenario last seen at the end of the 2022 bear market. Notably, this adjustment is very significant, with the supply held at a loss increasing rapidly.
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