Analysis: The supply of Bitcoin in profit and loss has reached typical levels for a bear market, with approximately 8.2 million BTC in a loss state.

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Mars Finance news, CryptoQuant analyst Darkfost said that Bitcoin’s profit-and-loss supply has reached the typical level seen in a bear market. Currently, about 11.2 million Bitcoins are still in profit relative to their purchase price. This is not far from the lowest level of Bitcoins in profit during the last bear market (9 million). On the other hand, currently about 8.2 million Bitcoins are in loss, and the number of loss-making Bitcoins during the last bear market was about 10.6 million. This indicates that the market is in a significantly undervalued state, similar to what happened during the last bear market.

BTC-0,2%
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