BTC is trading below STH cost basis.


$80,217 = STH break-even $77,550 = current price
Average STH is underwater and losses are now being realized:
Net Realized P/L: -$176M Losses: $366M Profits: $190M
Until $80.2K is reclaimed, bounces lack confirmation.
☕️Adler AM #175 👇
BTC-0.88%
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