
📉 Bitcoin: Losses continue to dominate the market: Around $707 billion worth of invested BTC capital is currently sitting at a loss. In comparison, only $380 billion is in profit. This means nearly twice as much capital is underwater as it is in the green. The transition out of a bear market takes time. Bitcoin is struggling to move higher as capital still sitting at a loss continues to weigh on the market. ⏳ It may take several months for the market to reset and for most capital to return to the profit zone. This process is an important foundation for a sustainable market recovery and the next phase of growth.
