Bitcoin Slide Leaves Over 70% of Active capital in Losses as Sentiment Collapses

Bitcoin’s recent drop toward $80,000 has driven most active capital in the asset into losses, signaling a shift in market conditions for the world’s largest cryptocurrency. Bitcoin has erased nearly 35% from its October peak of about $126,000 after sinking to a seven-month low. As a result, it is now generating one of the largest waves of unrealized losses this cycle. Over 70% of US Dollars Invested in Bitcoin is in Loss According to data from on-chain analytics firm Checkonchain, the price rout has forced more than 70% of the capital allocated to Bitcoin underwater source: https://beincrypto.com/bitcoin-slide-usd-investment-loss/