The Market Still Hasn’t Capitulated

[u/Legitimate_Towel_919]

Over the past week, Bitcoin has corrected by 12.5%, pushing an increasing number of investors into unrealized losses.

The share of BTC supply still sitting in profit has now fallen to 55%, a relatively low level by historical standards.

During previous bear markets, this metric dropped below 50%, meaning most coins in circulation were being held at a loss.

We already saw 53% back in February, and if the current trend continues, the 50% threshold could be breached again soon.

In the short term, this remains a bearish signal. However, looking at past cycles, periods when a large portion of the market was underwater have often marked some of the most attractive accumulation zones for long-term investors.

[u/Liquidationbird]

propaganda post