ARK Invest said Bitcoin’s share of supply in profit fell to about 46% in the second quarter from roughly 57%, while the share of supply in loss rose to about 54% from around 43%. That marks the first time since the 2022 bear-market bottom that loss-making Bitcoin supply has exceeded profit-making supply. According to ARK, similar crossovers have historically appeared near cycle lows. The firm added that a rising share of coins held at a loss may signal that seller pressure is running out. The update was cited by Odaily, which referenced Bitcoin News.
ARK Invest data shows that in the second quarter, Bitcoin supply in profit fell to about 46% from roughly 57%, while supply in loss rose to about 54% from around 43%.
It is the first time since the 2022 bear-market bottom that the amount of Bitcoin supply at a loss has exceeded the amount in profit.
ARK said similar crossovers have historically clustered near cycle lows, and that the increase in loss-making supply may indicate seller exhaustion.
The item was reported by Odaily, citing Bitcoin News.
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