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$BTC The percentage of BTC holders who are sitting at a loss right now just hit its highest level during this bear market.
Currently, nearly 50% of the Bitcoin supply is being held at a loss.
Historically, periods where a large portion of holders are underwater have often coincided with increased fear and capitulation across the market.
What's crazy is that less than a month ago, around 70% of holders were still in profit.
This highlights just how aggressive the recent selloff has been and how quickly market sentiment can shift once key support levels begin to break down.