High percentage of Bitcoin, ETH, SOL held at a loss: Is it a bear market sign?

One analyst found that 40% of Bitcoin is held at a loss, while ETH and SOL data currently stand at 40% and 75% respectively. Should investors be worried? source: https://cointelegraph.com/news/high-percentage-of-bitcoin-eth-sol-held-at-loss-time-for-a-bear-market?utm_source=rss_feed&utm_medium=rss%3FnoCache%3Dtrue%26_%3D1764091259130%26ttt%3D1764091259130&utm_campaign=rss_partner_inbound