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Lia Holmgren reports that Bitcoin has experienced a sustained decline in market capitalization, losing approximately $4.6 billion per day for 272 consecutive days.
She also highlights that over half of all Bitcoin currently in existence is held at a loss, while many voices in the crypto industry have become unusually silent.
Holmgren has previously noted limited liquidity in SPCX stock trading, cautioning investors about the small fraction of shares changing hands. In a separate report, she highlighted that U.S. oil reserves have reached their lowest level since 1983. Both instances point to her ongoing focus on key market risks.