Only half of $BTC holders are actually in the green right now. Wild to think about.
We're stuck in this weird middle zone. Could drag on for a couple more months, honestly. But once that flips and most holders are back in profit? That's when things get interesting.
I've seen this pattern play out before. The shift from "most people underwater" to "most people making money" changes the whole vibe of the market. People start feeling generous, start taking risks again.
No guarantees obviously. But the psychology of it matters more than people think. When your average holder checks their portfolio and sees green instead of red, they act different. They post different. They buy different.
Just watching and waiting like everyone else.
We're stuck in this weird middle zone. Could drag on for a couple more months, honestly. But once that flips and most holders are back in profit? That's when things get interesting.
I've seen this pattern play out before. The shift from "most people underwater" to "most people making money" changes the whole vibe of the market. People start feeling generous, start taking risks again.
No guarantees obviously. But the psychology of it matters more than people think. When your average holder checks their portfolio and sees green instead of red, they act different. They post different. They buy different.
Just watching and waiting like everyone else.