🚨HALF OF ALL BITCOIN IS NOW UNDERWATER

10.5 MILLION $BTC, or over 50% of Bitcoin's supply, is now held at a LOSS, up from just 30% a month ago.

Every major bear market bottom in 2011, 2018, and 2022 came within WEEKS of this level, but only after one final drop of 15% to 26%.

Meanwhile, one year RETURNS after crossing this threshold have ranged from 69% to 359%.