Currently, approximately 10.83 million bitcoin:native are in a loss state (holding cost higher than current price), and 9.22 million are in profit, marking the first time in this cycle that loss positions exceed profit positions.


Historically, this crossover has only occurred during deep bear market adjustments: 2015, 2019, March 2020, and 2022, each lasting from one month to a year, but ultimately accompanied by the concentration of chips from weak hands to strong hands.
BTC1.25%
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