Bitcoin's Unrealized Losses Exceed Profits for First Time This Cycle, Hitting 61,300 Support on June 4

BTC-3.6%
According to BlockBeats citing Glassnode data, on June 4, the amount of Bitcoin in unrealized loss reached approximately 10.5 million BTC, surpassing profitable holdings of 9.8 million BTC for the first time this cycle, representing over half of circulating supply. The metric has historically appeared only during deep bear markets and has corresponded with major market bottoms in 2015, 2019, 2020, and 2022, though duration varied from one month to one year.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments