📉 Bitcoin: Most Active Supply Is Now Underwater
On-chain data just flipped an important signal for $BTC:
🔹 Below 45% in Profit: CryptoQuant analyst Darkfost estimates that under 45% of Bitcoin's active supply is in profit. The estimate leaves out coins that haven't moved in over 10 years, since most of those are considered illiquid.
🔹 Losses Now Lead: That means more of the active supply is held at a loss than at a profit.
🔹 The Level to Watch Is 40%: In past corrections, readings below 40% have often lined up with local bottoms. Readings near 100% have tended to signal reversal risk.
🔹 Market Context: BTC is trading around $67K, its lowest level since August and down more than 20% since October.
Fear is high, but on-chain data is a guide, not a guarantee. Stay patient and manage your risk 🛡️📊
#BitcoinActiveSupplyInProfitDropsBelow45% #BTC .
On-chain data just flipped an important signal for $BTC:
🔹 Below 45% in Profit: CryptoQuant analyst Darkfost estimates that under 45% of Bitcoin's active supply is in profit. The estimate leaves out coins that haven't moved in over 10 years, since most of those are considered illiquid.
🔹 Losses Now Lead: That means more of the active supply is held at a loss than at a profit.
🔹 The Level to Watch Is 40%: In past corrections, readings below 40% have often lined up with local bottoms. Readings near 100% have tended to signal reversal risk.
🔹 Market Context: BTC is trading around $67K, its lowest level since August and down more than 20% since October.
Fear is high, but on-chain data is a guide, not a guarantee. Stay patient and manage your risk 🛡️📊
#BitcoinActiveSupplyInProfitDropsBelow45% #BTC .
