Analysis: Bitcoin's on-chain losses are approaching levels seen at the end of the last bear market.

According to ME News, on February 7th (UTC+8), CryptoQuant analyst Darkfost stated that the market is approaching the loss-making supply levels seen during the last bear market. Currently, over 9.5 million Bitcoins are at a loss, while approximately 10.4 million Bitcoins remain profitable. Darkfost also pointed out that the market is about to enter a situation where the number of losing and profitable Bitcoin holdings is roughly equal, a situation that last occurred at the end of the 2022 bear market. It is worth noting that this correction is very significant, with the supply of loss-making holdings increasing rapidly. (Source: ME)