🚨 73% OF RECENT BITCOIN BUYERS ARE NOW UNDERWATER
Analyst Murphy's on-chain gauge shows 73% of short-term holders are sitting on losses — up from just 51% on October 31. Daily realized losses just doubled to $850 MILLION in the 4th capitulation wave since the all-time high. 👀
BTC is trading near ~$64,900, with short-term holders who bought above $80,000 now selling at the same prices they wished they'd bought at back in July.
Is this the capitulation that marks the bottom — or does the pain get worse first? 👇
#Bitcoin #BTC #Crypto
Analyst Murphy's on-chain gauge shows 73% of short-term holders are sitting on losses — up from just 51% on October 31. Daily realized losses just doubled to $850 MILLION in the 4th capitulation wave since the all-time high. 👀
BTC is trading near ~$64,900, with short-term holders who bought above $80,000 now selling at the same prices they wished they'd bought at back in July.
Is this the capitulation that marks the bottom — or does the pain get worse first? 👇
#Bitcoin #BTC #Crypto