3 articles tagged with #underwater-supply. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
More than 50% of Bitcoin's circulating supply is currently trading at a loss, a metric that historically signals proximity to major bear market bottoms. Analysis from K33 suggests that prior occurrences of this threshold have typically been followed by market rebounds within weeks, though often after an additional downward movement.
Bitcoin long-term holders are experiencing unprecedented losses, with on-chain data revealing that underwater supply has surpassed even the depths of the 2022 bear market crash. This metric indicates that a larger proportion of Bitcoin holdings are currently trading below their purchase price, signaling deep pain for patient accumulation strategies despite Bitcoin's historical resilience.
Nearly half of Bitcoin's supply is currently trading below break-even levels, indicating widespread losses among holders. Despite this oversold condition, accumulation activity remains weak, keeping Bitcoin trapped in a fragile consolidation phase without clear recovery signals.
