Community Articles

via CoinDesk · By CoinDesk Staff

Bitcoin supply in loss overtakes profit, a hallmark of bear-market bottoms

BTC

BTC/USDT

$79,632.00

-1.76%

$79,632.00

-1.76%

(24s)

24h Volume

$17,284,845,145.36

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,603.06

▼ -0.07%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,300.00

Resistance 1$79,916.17

Price$79,603.06

Support 1$78,324.21

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.2

CoinDesk Staff

(10:20 AM UTC)

1 min read

Verified bySarah Chen

0 comments

This bitcoin metric has marked every bear market bottom, and it's just flashed again

More than half of the bitcoin in circulation is sitting on unrealized losses as the BTC price tests historically significant bear-market support levels.

The amount of bitcoin BTC$63,729.63 supply in loss reached a key bear-market threshold, surpassing 10 million BTC, more than half of the total in circulation.

Accor…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

CoinDesk Staff · CoinDesk

Read original →

Live BTC price →More BTC news →

Comments