"More than half of all BTC in circulation is now held at an unrealized loss. A signal that has coincided with every major bare market bottom in history. So the people that still hold Bitcoin, the the Bitcoin in circulation now, have they made money? Have they lost money? More than half, if they would sell now, have lost money. This is how bottoms are formed. like here, like in the bare market of 2022, like in the depths of 2020 and 201819. The reason that something like this can show us can trigger a bottom is because if you still hold a Bitcoin now, if you were to sell, you would lose money. And if you've held till this point, you might as well hold until the next rally, until we're up a little bit. When sellers get exhausted and they don't want to sell anymore, that's how bottoms are formed."
This prediction is awaiting verification.
For informational purposes only. Not investment, financial, legal or tax advice. Full disclaimer
… What did you say? >> $78,000. >> I have no idea. >> So, if you think about it from that perspective, people in the past year and a half or so, they bought Bitcoin. They experienced a quick rally up to $126,000 and then quickly saw their entire investment get cut in half. >> Wow. This is how bottoms are formed. More than half of all BTC in circulation is now held at an unrealized loss. A signal that has coincided with every major bare market bottom in history. So the people that still hold Bitcoin, the the Bitcoin in circulation now, have they made money? Have they lost money? More than half, if they would sell now, have lost money. This is how bottoms are formed. like here, like in the bare market of 2022, like in the depths of 2020 and 201819. The reason that something like this can show us can trigger a bottom is because if you still hold a Bitcoin now, if you were to sell, you would lose money. And if you've held till this point, you might as well hold until the next rally, until we're up a little bit. When sellers get exhausted and they don't want to sell anymore, that's how bottoms are formed. Now, Jim Kramer on CNBC this morning will tell you this time's different. Sailor is murdering Bitcoin. Here's the full clip for full context. >> Down to 61K. >> You know, Sailor Sailor killed >> Yeah. >> You know how do you know how Scott Pel said that 60 minutes was murdered by his team? >> Yes. >> You think Bitcoin was murdered? >> By sailor. >> …