Bitcoin Supply Held at Loss Rises to 2024 Levels, Market Nears Critical Reset
Bitcoin Supply Held at Loss Rises to 2024 Levels, Market Nears Critical Reset
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Onchain data reveals that a significant portion of Bitcoin's supply is currently held at a loss, reaching levels last seen in 2024. This trend suggests the market might be approaching a critical reset phase, prompting questions about BTC's ability to recover and surpass its range highs before the end of the year.
With a third of Bitcoin held at a loss, onchain data suggested that the market may be nearing a critical reset phase. Will BTC end the year above its range highs?