Data: Over 25% of Bitcoin supply is at an unrealized loss, and Bitcoin remains highly sensitive to macroeconomic shocks.
ChainCatcher news, glassnode stated in an article that since mid-November, bitcoin has fallen below the 0.75 quantile line, which means that more than 25% of the supply is in an unrealized loss state. This puts the market in a fragile balance: on one hand, there is the risk of stop-loss/capitulation by high-entry buyers, and on the other hand, the possibility of seller exhaustion forming a temporary bottom.
Around $93,000, before bitcoin's price reclaims the 0.75 quantile line (about $95,800) and further recovers the 0.85 quantile line (about $106,200), it will remain highly sensitive to macro shocks.
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.
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