This bitcoin metric has marked every bear market bottom, and it's just flashed again
Hex37's read
- Over 50% of Bitcoin is currently at an unrealized loss.
- BTC price is testing significant bear market support levels.
- A specific Bitcoin metric has historically signaled bear market bottoms.
What it means for traders
- The flashing metric suggests a potential bottoming for BTC, indicating a possible buying opportunity.
- Unrealized losses for over half of BTC holders could lead to capitulation, further testing support.
Affected markets
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