38% of the #Bitcoin circulating supply is sitting in loss.
This is the highest level since April 2020.
The Summer '21 crash peaked at around 34% of supply in loss. pic.twitter.com/gqYPNqGZmq
— On-Chain College (@OnChainCollege) January 23, 2022
See also The bubble IS bursting as supply rises, sales plunge, cash sales implode (i.e., even investors are pulling back), & prices drop the most since 2012.