BUSINESSTHE BLOCK
More than 50% of bitcoin supply is underwater; prior bottoms followed within weeks, often after a final leg lower: K33
Over half of bitcoin's circulating supply is trading at a loss, a level typically observed near major bear market bottoms according to K33. The analysis suggests prior market bottoms often followed similar conditions within weeks.
Mentioned
Related Signal
Adjacent reporting
- Every bitcoin bear market bottom since 2015 was called by a simple indicator. It still hasn't flashed
- These bitcoin metrics suggest February’s $60,000 selloff may have marked the bottom
- Tom Lee calls Strategy's bitcoin sale classic 'bottom behavior'
- This bitcoin metric has marked every bear market bottom, and it's just flashed again
- Bitcoin Selloff Leaves Half of All Supply Trading at a Loss
- Live markets: bitcoin's plunge continues, putting February $60,000 low back in play