Nearly half of all circulating bitcoin is underwater as long-term holders sell at a loss
Nearly half of all circulating Bitcoin is currently underwater, meaning that a significant portion of holders are facing losses on their investments. This trend is largely attributed to long-term holders selling their Bitcoin at a loss amid market volatility. The situation reflects broader market challenges and investor sentiment as prices fluctuate. Analysts suggest that this selling behavior could impact future price movements and market stability.
Read the full article: CoinDesk