Bitcoin: Historic Loss Level
"If we lose this level here, it won't be good. This is the 10.5 million coins and loss. So, right now, Bitcoin is at historically key metric levels in several ways. We now have the highest amount of Bitcoin sitting in a loss at 10.5 million, rivaling the 2018 2022 bottoms, as well as low um long-term holder holding the most amount of supply ever."
ℹ️ In shortBitcoin has reached a historically high level where 10.5 million coins are held at a loss, similar to the declines of 2018 and 2022.
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… re finally going to have some kind of a meaningful correction that they really desperately need some of these big names. And look, the money's really been concentrated in just a few hands, just a few uh stocks been making tons of money. Most of the stock market's been doing okay, but they haven't put in like SanDisk like gains, right? psychedelic. If we lose this level here, it won't be good. This is the 10.5 million coins and loss. So, right now, Bitcoin is at historically key metric levels in several ways. We now have the highest amount of Bitcoin sitting in a loss at 10.5 million, rivaling the 2018 2022 bottoms, as well as low um long-term holder holding the most amount of supply ever. Holders are sitting at unrealized losses that's marked every previous lows continuing to add. This is not a nothing metric. It shows that holders are diamond handing and adding regardless of drops. Each asset bottoms when it runs out of sellers and only buyers step in and we are definitely running low on sellers. Everybody who's wanted to sell has …
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