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The amount of BTC held at a loss has reached a new record.
More than 10.83M $BTC are currently sitting in unrealized loss - the highest level ever recorded.
Historically, periods with a large number of coins underwater have often been followed by elevated market volatility.
In other words, the market is under serious stress right now.
Now the key question is whether this turns into another capitulation move - or becomes the zone where stronger hands start absorbing supply.$BTC