Bitcoin Investors Record First Net Losses Since October 2023 as Bear Market Indicators Flash

TLDR: Bitcoin investors have realized $6.1 billion in losses since December, the first negative period in 15 months.  Net realized profits dropped to 2.5M BTC, matching March 2022 levels when the bear market was underway.  Two-thirds of Bitcoin supply remains profitable while one-third sits underwater at current price levels.  MVRV ratio cooled to 1.5x, indicating [...]

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