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The Ultimate Bitcoin Paradox: 11 Million BTC Underwater, Yet Nobody Is Selling!
Bitcoin is flashing the most fascinating paradox in its history.
Data reveals that a mind-boggling 11 million $BTC are currently held at a loss - the highest absolute number of underwater coins ever recorded, surpassing the brutal market bottoms of 2018 and 2022.
But here is the twist that is blowing analysts' minds: instead of panic selling, 78.9% of all circulating Bitcoin is now controlled by long-term holders (LTHs).
This completely crushes the previous LTH macro peaks of 74.5% (2022) and 71.5% (2018).
Histori
BTC+2.63%
On April 3, the cryptocurrency market declined by 0.24%, with the total market capitalization remaining around US$2.28 trillion after briefly falling to US$2.27 trillion.
Bitcoin (BTC) decreased by 0.55% to US$66,581, moving weaker than the overall market and also dragging down overall sentiment. Meanwhile, Ethena (ENA) continued its sharp decline, plunging 4.9% in the last 24 hours, bringing the total correction since mid-March to 34%.
Crypto Market Holds at US$2.28 Trillion as Oil Pressure Rises
The total market capitalization of cryptocurrencies (TOTAL) on April 3 was at US$2.28 trillion, d
BTC+2.63%
ENA+9.11%
On April 3, the cryptocurrency market declined by 0.24%, with the total market capitalization remaining around US$2.28 trillion after briefly falling to US$2.27 trillion. Bitcoin (BTC) decreased by 0.55% to US$66,581, moving weaker than the overall market and also dragging down overall sentiment. Meanwhile, Ethena (ENA) continued its sharp decline, plunging 4.9% in the last 24 hours, bringing the total correction since mid-March to 34%.
Crypto Market Holds at US$2.28 Trillion as Oil Pressure Rises
The total market capitalization of cryptocurrencies (TOTAL) on April 3 was US$2.28 trillion,
BTC+2.63%
ENA+9.11%