Bitcoin’s loss-supply proportion exceeds profit-supply for the first time since the 2022 bear market bottom

Odaily Planet Daily News According to ARK Invest data, the proportion of Bitcoin supply in profit dropped from approximately 57% to around 46% in the second quarter, while the proportion of supply in loss rose from about 43% to roughly 54%. This marks the first time since the 2022 bear market bottom that the amount of Bitcoin in a loss state has exceeded the amount in a profit state. ARK stated that historically, such crossovers have mostly occurred near cycle lows, and an increase in the proportion of loss-making coins may indicate seller exhaustion. (Bitcoin News)