Bitcoin Supply In Loss Turns Upward—Early Bear Market Signal?

On-chain data shows the Bitcoin Supply in Loss indicator has witnessed a shift in direction that has often led into bearish phases in past cycles. 365-Day SMA Of The Bitcoin Supply In Loss Has Been Rising Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin Supply in Loss has started to trend up again. This metric measures, as its name suggests, the percentage of the total BTC circulating supply that’s currently being held at some net unrealized loss. Related Reading: Next Ethereum Move Hinges On This Level, Says Glassnode Analyst The indicator works by scanning through the transaction history of each token in circulation to determine the price at which it was last transacted on the network source: https://www.newsbtc.com/bitcoin-news/bitcoin-supply-loss-upward-early-bear-market-signal/