Analysis: Surge in BTC held at a loss suggests market bottom is near

An analysis suggests Bitcoin is approaching a low point similar to those seen in past bear markets. According to CryptoQuant contributor Darkfost, the amount of BTC in profit has fallen to around 11.2 million, nearing the 9 million recorded at the last bear market bottom. At the same time, the volume of BTC held at a loss has climbed to approximately 8.2 million, its highest level since late 2022. Darkfost concluded that with the supply in loss approaching the 10.6 million BTC seen during the last bear market, the market is likely entering a similarly undervalued phase.