Bitcoin's supply in loss surpasses supply in profit for the first time since the 2022 bear market bottom

According to ARK Invest data, the proportion of Bitcoin supply in profit fell from approximately 57% to around 46% in the second quarter, while the proportion of supply in loss rose from roughly 43% to about 54%. This marks the first time since the 2022 bear market bottom that the amount of Bitcoin in a loss has exceeded the amount in profit. ARK noted that historically, such crosses have tended to cluster near cycle lows, and a rising share of coins in loss may signal seller exhaustion. (Bitcoin News)