According to ChainCatcher, CryptoQuant analyst @Crazzyblockk stated that despite the drop in Bitcoin price, market risk remains high. Currently, only 24% of the circulating supply is in an unrealized loss state, a percentage that is historically associated with early pullback stages, rather than a comprehensive capitulation.
Analyst: Only 24% of Bitcoin's circulating supply is currently in unrealized losses
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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