Bitcoin chips
An analyst indicates that almost 40% of Bitcoin’s chips are currently in a loss state, aligning with the initial target level observed during previous bear market cycles. This situation reflects a typical pattern seen in earlier downturns, where a significant portion of Bitcoin holdings experienced declines. Such trends are indicative of investor sentiment during bearish phases. The analysis suggests that this level of loss is not uncommon, as similar conditions have arisen during past market declines. Understanding these patterns may provide insights into current market dynamics and potential future movements.
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