Bitcoin hodlers 'under siege' at $42K as 30% of BTC supply flips from profit ...

Bitcoin hodlers 'under siege' at $42K as 30% of BTC supply flips from profit ...

A historically significant 30% of the Bitcoin supply is now held at a loss — and that has ended in a bullish rebound twice since March 2020. Bitcoin (BTC) hodlers face a crucial week in more ways than one as $42,000 rekindles a familiar battle.As noted by on-chain analytics firm Glassnode on Monday, 30% of the BTC supply is now at a loss — historically, this has been a key number to defend for bulls.Mixed opinions on rebound chancesBitcoin's descent from $69,000 to current levels — at one point over 40% — is nothing unusual, but for long-term investors, there is a specific reason to hope....


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