The $BTC Supply in Loss has reached an all-time high level.
During the recent decline, the supply in loss reached the highs seen in 2019 and 2022.
With this decline, $BTC investors are experiencing their highest losses in history.
Just BUY gold.
A clear buy setup as outflows reach extreme levels, which is historically a strong contrarian bullish signal.
As of today, we still have: Elevated geopolitical risks, persistent fiscal deficits, and continued central bank demand.
The macro background remains intact.
Miner Profitability Index had an extreme capitulation, reaching -4 sigma reading.
This indicates extreme stress on the miners, with very low profitability per unit of mining difficulty.
Open source script:
https://t.co/DwWRWjsxBv
$Btc
Every time we had a crossover from Keltner Channel bottom line and the production cost line, the bottom was already in.
(Except the 2018 Bottom, which took us another 1 week to bottom)
Right now we are missing the crossover by a hair.
Will it mark the bottom again?
Bitcoin (BTC) Update π
We have a new ATH! π
And it concerns the amount of Long-Term Hodler Supply in Loss (6.83M)π₯
In other words, more long-term Bitcoin holders are currently sitting at a loss than at any point since the 2022 bear market.
A remarkable reading - and one that deserves attention π
@ForeDex_Global