The proportion of Bitcoin supply in loss has exceeded the supply in profit, the first time since the 2022 bear market bottom

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