📉 Nearly half of all #Bitcoin holders are now in the red!
Currently, 10.5 million Bitcoins were purchased at prices higher than the current price, meaning that over 50% of all Bitcoin in circulation is now in the red.
🔴 Historically, when the percentage of losses reached these levels in the 2011, 2018, and 2022 cycles, the market was very close to bottoming out, but often after a final drop of between 15% and 26%.
🟢 Interestingly, investors who bought after the market reached this point achieved returns of between 69% and 359% in the following year in those cycles.
The bottom line: When more than half of the supply is in the red, it has always been a sign that the market is nearing the end of a period of fear and selling, but history shows that significant volatility can occur before a rebound.
Are we witnessing a rare buying opportunity, or is there a final drop yet to come?
