That link is a post from Binance Square (Binance's crypto social feed).
Here's what it says:
More than 50% of Bitcoin's supply was underwater at $60,000. That only happened around the generational bottoms of 2015, 2018, 2020 and 2022. I genuinely believe people will look back at this zone and feel physically sick they didn't buy more. $BTC
What does it mean in simple words:
"Underwater" = people bought Bitcoin at a higher price than $60k, so at $60k they were at a loss.
The author is saying that having >50% of all Bitcoin holders at a loss has historically only happened near major market bottoms before.
Author is Quinten Francois - an entrepreneur / investor who started the YouTube channel "Young And Investing" and wrote the book "De Bitcoinrevolutie".
Your link also has a referral code r=AVFEELR6 in it - that's why it says app_square_share_link - if someone opens it and signs up for Binance, the person who shared it gets a referral reward.
This is just one analyst's opinion on Binance Square, not financial advice. The crypto market is very volatile, especially in Pakistan where regulations keep changing.
Did you want me to:
Translate / explain this post in Urdu?
Check if this analysis is accurate?
Help you understand how Binance Square works?
Here's what it says:
More than 50% of Bitcoin's supply was underwater at $60,000. That only happened around the generational bottoms of 2015, 2018, 2020 and 2022. I genuinely believe people will look back at this zone and feel physically sick they didn't buy more. $BTC
What does it mean in simple words:
"Underwater" = people bought Bitcoin at a higher price than $60k, so at $60k they were at a loss.
The author is saying that having >50% of all Bitcoin holders at a loss has historically only happened near major market bottoms before.
Author is Quinten Francois - an entrepreneur / investor who started the YouTube channel "Young And Investing" and wrote the book "De Bitcoinrevolutie".
Your link also has a referral code r=AVFEELR6 in it - that's why it says app_square_share_link - if someone opens it and signs up for Binance, the person who shared it gets a referral reward.
This is just one analyst's opinion on Binance Square, not financial advice. The crypto market is very volatile, especially in Pakistan where regulations keep changing.
Did you want me to:
Translate / explain this post in Urdu?
Check if this analysis is accurate?
Help you understand how Binance Square works?
