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Bitcoin The share of unprofitable supply exceeded that of profitable supply for the first time since the bottom of the 2022 bear market.
Svmuu News: According to data from ARK Invest, in the second quarter, the proportion of the Bitcoin supply in profit fell from approximately 57% to approximately 46%, while the proportion in loss rose from approximately 43% to approximately 54%.This marks the first time since the bottom of the 2022 bear market that the supply of Bitcoin in a loss position has exceeded the supply in a profit position. ARK noted that historically, such crossovers have tended to occur near cyclical lows, and the rise in the proportion of coins in a loss position may indicate that selling pressure is waning. (Bitcoin News)
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