On-chain data shows the amount of Bitcoin supply in loss has now reached levels similar to during the COVID crash and the 2018 bear market bottom.
Bitcoin Supply In Loss Spikes Up Following The Latest Crash
As pointed out by an analyst in a CryptoQuant post, the BTC supply in loss has set a new record for this year following the FTX disaster.
The “supply in loss” is an indicator that measures the total amount of Bitcoin that’s currently being held at some loss.
This metric works by looking at the on-chain history of each coin in the circulating supply to see what price it was last moved at.
If this previous price for any coin was more than the current BTC value, then that particular coin is in some unrealized loss right now, and the indicator accounts for it.
Now, here is a chart that shows the trend in the 7-day moving average Bitcoin supply in loss over the history of the crypto:
The 7-day MA value of the metric seems to have been pretty high in recent days | Source: CryptoQua
We współpracy z: https://www.newsbtc.com/news/bitcoin/bitcoin-supply-loss-levels-covid-crash-2018-bottom/
