🔴 We are approaching the level of supply in loss seen during the previous bear market. In November 2022, roughly 10.5 million BTC were being held at a loss. 💥 Today, more than 9.5 million BTC are held at a loss, while about 10.4 million BTC remain in profit. We are nearing a point where as much BTC is held at a loss as in profit, a situation that last occurred near the end of the 2022 bear market. It is worth noting that the correction has been so severe that the increase in supply held at a loss has occurred very rapidly.