Data: In this cycle, the loss supply of Bitcoin exceeds the profit supply for the first time, possibly indicating the market is entering a consolidation period.

Golden Finance reported that on July 4, according to Glassnode data, the total amount of Bitcoin holdings currently in a loss state has surpassed the total amount of profitable holdings. Data shows that approximately 10.83 million BTC are currently in an unrealized loss state, while about 9.22 million BTC are still in an unrealized profit state. This is the first time this crossover phenomenon has occurred in the current market cycle.
Historically, similar situations occurred in 2018 and 2022, after which the markets entered a prolonged consolidation phase before prices gradually resumed their upward trend.
BTC1.70%
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