Bitcoin bear market sees 4 million coins at a loss

exchange68September 12, 2024

0 0 2 minutes read

In the ever-evolving cryptocurrency market, long-term Bitcoin holders currently possess approximately 4 million coins held at a loss. This figure becomes pivotal when examined in the context of cyclical market movements. Notably, the latest cycle saw a peak where 6 million Bitcoins were held at a loss, many by those who entered the market in 2021… A pattern emerges, where the peak of coins held at a loss aligns with the bear market’s low point. But what does this cycle mean for future investors and how can this information potentially mitigate losses?…

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