Nearly 47 percent of Bitcoin supply held at a loss, Jordan Kerridge notes

Nearly 47 percent of Bitcoin supply held at a loss, Jordan Kerridge notes
Nearly half of Bitcoin at a loss

Jordan Kerridge points out that nearly 47 percent of all Bitcoin is currently held at an unrealized loss.

He observes that such periods, where a large share of Bitcoin supply is held at a loss, have historically occurred during the latter stages of bear markets.

Kerridge recently reported closing a Bitcoin short position, citing bullish signals in the price heatmap. In another update, he covered Elon Musk’s statement expressing support for Bitcoin’s future success in the crypto sector. These developments come as Kerridge continues to monitor notable trends around investor sentiment and market positioning.

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