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Bitcoin nears cycle bottom as over half of supply is held at a loss, says K33

Bitcoin nears cycle bottom as over half of supply is held at a loss, says K33

K33 said Bitcoin has historically bottomed within weeks of more than half of its circulating supply being held at a loss, with strong one-year returns following in most previous cycles.

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You might also be interested in reading Bloomberg strategist doubles down on $10,000 bitcoin call but peers say it would take a nuclear war to get there.

header CoinTelegraph

Bitcoin nears cycle bottom as over half of supply is held at a loss, says K33

Bitcoin nears cycle bottom as over half of supply is held at a loss, says K33

K33 said Bitcoin has historically bottomed within weeks of more than half of its circulating supply being held at a loss, with strong one-year returns following in most previous cycles.

Latest NewsRead More

You might also be interested in reading Riskified Non-GAAP EPS of $0.03 beats by $0.02, revenue of $82.39M beats by $3.16M.