Bitcoin Holders Realize Losses as Profit Dynamics Turn Negative: CryptoQuant
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For the first time in over two years, Bitcoin holders are facing losses as the crypto market approaches a bear cycle. A recent CryptoQuant report notes the shift in profit dynamics has not occurred since October 2023, indicating a significant downturn in the past month.
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For the first time in more than two years, Bitcoin holders are realizing losses on their investment in the leading digital asset. This change in dynamics comes as BTC and the broader crypto market are believed to be on the brink of a bear cycle.
According to a weekly CryptoQuant report, Bitcoin holders have not seen this shift since October 2023. The negative turn in profit dynamics has dominated the past 30 days.
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