At the cycle's peak, profit-taking accounts for half; now 80% of the chips are underwater.


The market is undergoing violent deleveraging, and true bottoms often begin with despair.
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CoinNetwork
CryptoWorld News reports that nearly half of the circulating Bitcoin supply is in profit at cycle highs. However, today this number has dropped sharply, with over 8 million Bitcoins currently in loss, highlighting the scale of recent market reset.
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