For the first time in the current financial cycle, more Bitcoin is being held at a loss than at a profit, signaling a noteworthy shift in market sentiment. DataFor the first time in the current financial cycle, more Bitcoin is being held at a loss than at a profit, signaling a noteworthy shift in market sentiment. Data
Bitcoin Holders in the Red: Market Dynamics Shifting
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For the first time in the current financial cycle, more Bitcoin is being held at a loss than at a profit, signaling a noteworthy shift in market sentiment. Data provided by Glassnode reveals that 10.83 million BTC are now underwater, surpassing the 9.22 million BTC still in profit.
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