⚖️ This correction has pushed a significant amount of Bitcoin into unrealized loss territory.
The volume of BTC held at a loss has risen to 10.56 million BTC, surpassing the previous peak of 10.47 million BTC.
Today, roughly 50% of the circulating supply is sitting in unrealized losses, a level typically only seen in the later stages of bear markets.
📉 This indicates that a broad segment of investors is under pressure, which could heighten market sensitivity to any bounce or new sell-off.
In your opinion, are we witnessing a late capitulation in the market, or is Bitcoin approaching a potential bounce zone? 👀
$BTC
#Bitcoin #BTC #Crypto #CryptoMarket #BearMarket #OnChain #Trading #MarketAnalysis #BinanceSquare #BTCAnalysis
The volume of BTC held at a loss has risen to 10.56 million BTC, surpassing the previous peak of 10.47 million BTC.
Today, roughly 50% of the circulating supply is sitting in unrealized losses, a level typically only seen in the later stages of bear markets.
📉 This indicates that a broad segment of investors is under pressure, which could heighten market sensitivity to any bounce or new sell-off.
In your opinion, are we witnessing a late capitulation in the market, or is Bitcoin approaching a potential bounce zone? 👀
$BTC
#Bitcoin #BTC #Crypto #CryptoMarket #BearMarket #OnChain #Trading #MarketAnalysis #BinanceSquare #BTCAnalysis