Half of Bitcoin's Supply Remains Underwater as Recent Rally Holds at $65,724

BTC-0.63%
According to CEX.IO, roughly half of Bitcoin's circulating supply—approximately 10 million BTC—remains in unrealized losses despite the price stabilizing around $65,724, down 1.1% recently. The loss profile mirrors conditions seen during the 2018 and 2022 bear markets, suggesting Bitcoin may not have reached a final cycle bottom. Traders are closely monitoring the $64,000 support level as a near-term dividing line; a break below could trigger a retest of the low-$60,000 range.
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