43% of Bitcoin Supply Is In Loss As Market Nears Bear Territory

A growing share of Bitcoin supply has slipped unde

43% of Bitcoin Supply Is In Loss As Market Nears Bear Territory

43% of Bitcoin Supply Is In Loss As Market Nears Bear Territory

A growing share of Bitcoin supply has slipped underwater, with CryptoQuant contributor Darkfost arguing that the market is now sitting much closer to historical bear-phase conditions than to a confirmed bull trend. His latest charts show 43% of Bitcoin supply held in UTXOs is currently in loss, leaving just 57% in profit.

Bitcoin percent supply in profit | Source: X @Darkfost_Coc
Bitcoin vs. Brent Crude Oil | Source: X @Darkfost_Coc
Bitcoin trades below the 200-week EMA again, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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