More than half of Bitcoin holders are at a loss
According to recent data, currently 10.5 million $BTC , that is over 50 percent of circulating Bitcoins, are held at a loss. A month ago, this figure was about 30 percent.
Analysts note that the final bottom points of major bear markets in 2011, 2018, and 2022 corresponded to similar periods.
However, historical data shows that in previous cycles, before the market reached the final bottom, the Bitcoin price experienced an additional decline of 15–26 percent.
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