Bitcoin fell below $70,000 over the weekend, causing nearly 43% of Bitcoin supply to be in loss, a level historically associated with market corrections. Data from CryptoQuant shows this is in stark contrast to the recent high point when 75% of Bitcoin supply was in profit. Meanwhile, exchange Bitcoin reserves continue to decline, indicating that investors prefer to hold their assets privately; and the outflows from spot Bitcoin ETFs are also beginning to stabilize, which could further tighten future Bitcoin supply.

BTC3.58%
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