The proportion of bitcoin in loss supply has surpassed that of bitcoin in profit supply, marking the first time since the bear market bottom in 2022.
According to Odaily, ARK Invest data shows that in the second quarter, the proportion of Bitcoin in profit supply dropped from about 57% to about 46%, while the proportion in loss supply increased from about 43% to about 54%. This is the first time since the 2022 bear market bottom that the supply of Bitcoin in a loss state has exceeded the supply in profit. ARK stated that historically, such crossovers often occurred near cycle lows, and the rising proportion of coins in loss may indicate that selling pressure is being exhausted. (Bitcoin News)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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