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Historical: For the first time in this cycle... the number of Bitcoin held at a loss exceeds those held at profit.
According to Glassnode data, for the first time in the current cycle, the amount of Bitcoin held at a loss has become greater than the amount held at a profit.
Historically, this signal occurred in the cycles of 2018 and 2022, and it was the beginning of an accumulation phase, before the market later started to recover gradually.
Although history may give us indicators, it does not guarantee the same scenario will repeat, as market movement remains linked to economic factors, investor liquidity, and global events.
Do you think this signal means that Bitcoin is approaching a new bottom, or does the market still need more correction?
$BTC #Bitcoin #BTC #Crypto