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Bitcoin: 41% of the circulating BTC supply is underwater (theoretical loss)
Bitcoin in a bear market? While Bitcoin's price (BTC) remains around $67,000, a significant percentage of addresses are in a theoretical loss. Although a BTC movement doesn't necessarily mean a buy/sell transaction, it indicates whether there has been a dollar value loss since the last known movement of these bitcoins. And the situation isn't very bright at the moment.
Key points of this article:
Bitcoin manages to hold around $67,000, but a large portion of addresses are in a theoretical loss.
41% of circulating BTC are in a theoretical loss since their last address transfer, reaching nearly the levels of the 2022 bear market.
#GateSquareAprilPostingChallenge $XRP $BTC