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Bitcoin’s Supply in Loss Climbs From 34% to Over 50% in a Month


Bitcoin’s Supply in Loss Climbs From 34% to Over 50% in a Month

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On-chain data from CryptoQuant shows 51.6% of Bitcoin supply is now below holders' cost basis, up from roughly 34% about a month ago. This rapid rise leaves the market almost evenly split between profitable and underwater coins, increasing downside risk and potential selling pressure for the crypto market.

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Just over half of all the Bitcoin in circulation today is now underwater, according to data from CryptoQuant. As of this writing, 51.6% of supply is sitting below its cost basis, a number that has climbed from 34% in roughly a month, leaving the market split almost evenly between coins in profit versus those at...
Read the article at CryptoPolitan

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In This News

Coins

$ 64.11K

+0.11%

$ 0.103

+2.91%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share: