🚨 More than 50% of all circulating $BTC is now underwater.
Following the sharp drop below $60K, over 10 million Bitcoin are being held at a loss. Historically, this level of market stress has only appeared near major bear market bottoms.
Previous cycles suggest that when a large portion of supply falls into loss, markets often experience one final wave of fear before a significant recovery begins.
With BTC testing key long-term support levels, the big question remains:
Is this capitulation before another leg down, or the accumulation zone smart money waits for?
What’s your outlook on $BTC ? 👇
#BTC #BitcoinDunyamiz #CryptoMarket #cryptotrading #BinanceSquare
Following the sharp drop below $60K, over 10 million Bitcoin are being held at a loss. Historically, this level of market stress has only appeared near major bear market bottoms.
Previous cycles suggest that when a large portion of supply falls into loss, markets often experience one final wave of fear before a significant recovery begins.
With BTC testing key long-term support levels, the big question remains:
Is this capitulation before another leg down, or the accumulation zone smart money waits for?
What’s your outlook on $BTC ? 👇
#BTC #BitcoinDunyamiz #CryptoMarket #cryptotrading #BinanceSquare