HALF OF BITCOIN SUPPLY STILL IN LOSSES Around 10 million bitcoin, roughly half of circulating supply, is currently underwater, Cex. io says…
HALF OF BITCOIN SUPPLY STILL IN LOSSES
Around 10 million bitcoin, roughly half of circulating supply, is currently underwater, Cex. io says.
Despite stabilization near $60,000, unrealized losses remain at levels seen during the 2018 and 2022 bear markets.
The firm warns bitcoin may not have reached its bottom yet, though ETF outflows have slowed. Bitcoin recently traded down 1.1% at $65,724.
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