51% of the supply is in profit. The lowest level since the 2022 bear market, when Bitcoin was below $20,000.
The price today is 4 times higher, but the damage to the base of holders is the same.
This is the pattern of distributed capitulation that occurs in advanced stages of a bear market.
It's also when many people panic.
It's also when a lot of institutional investors accumulate.
...or when an asset completely dies. Right before bitcoin hits $0, the number of coins in the red will be... checks notes... all of them.
Here have some sats. Feel better
Mmm, did nothing. Maybe try with double, since you know the price/value is in the dumps
Thanks for update