Bitcoin's supply in loss exceeds supply in profit for the first time since the 2022 bear market bottom

According to ARK Invest data, the proportion of Bitcoin supply in profit fell from approximately 57% to about 46% in the second quarter, while the proportion of supply in loss rose from roughly 43% to about 54%. This marks the first time since the 2022 bear market bottom that the amount of Bitcoin in a loss position has exceeded that in profit. ARK notes that historically, such crossovers have tended to occur near cycle lows, and an increase in the percentage of coins in loss could indicate that selling pressure is being exhausted. (Bitcoin News )