More than 41% of the Bitcoin supply is currently sitting in LOSS. Put differently, 8.3 million BTC are sitting in the red right now. Even still, history suggests that more pain/consolidation is needed before reversing out of this.

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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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