PANews, August 3: CryptoQuant analyst Zizcrypto stated that the current percentage of unrealized losses for Bitcoin is 35.2%, meaning approximately 35% of the tracked supply is currently underwater. While this metric remains above 20%, it has now fallen below the deep pressure zone of >40% and is far below the capitulation-level region of >60%. The metric breached 40% around the end of June, reaching 42.2%, then dropped to 30.4% around July 21 before rebounding to 35.2%. In previous major bear market phases shown on the chart, a first test above the >40% level is typically followed by a period of pressured consolidation, after which the metric often moves closer to or exceeds 60%, a point frequently associated with capitulation-style declines.
Bitcoin's unrealized loss supply falls below the 40% pressure zone
PANewsShare
Summary
Bitcoin news reports that the unrealized loss supply for Bitcoin now stands at 35.2%, according to Zizcrypto of CryptoQuant. This means approximately 35% of the tracked supply is currently in a floating loss. The metric has fallen below the >40% pressure zone, a level it briefly surpassed in late June. Bitcoin analysis shows it previously declined to 30.4% in mid-July before rebounding. In past bear markets, the >40% level often preceded a move toward the >60% capitulation zone.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.