Over 10.5 million $BTC, more than half of the total supply is now held by investors who are currently at a loss.

This number has risen quickly from around 30% just a month ago, showing the impact of the recent market decline.

Similar levels were seen near Bitcoin’s major market bottoms in 2011, 2018 and 2022. In those cycles, prices reached a bottom within weeks after a final drop of about 15% to 26%, making the current situation a key area for market watchers.

#BTC #Bitcoin #Macro Insights#