Analyst: Currently, only 24% of Bitcoin's circulating supply is in an unrealized loss
According to ChainCatcher, CryptoQuant analyst @Crazzyblockk stated that despite the drop in Bitcoin's price, market risk remains high. Currently, only 24% of the circulating supply is in an unrealized loss, a proportion historically associated with early retracement phases rather than a full-scale capitulation drop.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
WBTC officially listed on JustLend DAO
Data: Early Ethereum whale deposits 1,000 ETH to CEX, worth approximately $3.03 million
Next Week's Key Insights: A certain exchange to host Blockchain Week in Dubai; Ethereum releases Fusaka upgrade
Trending news
MoreCrypto prices
More
