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Bitcoin price rebound stops at $103K with 30% of BTC...

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1 month ago 1 month ago

Bitcoin price rebound stops at $103K with 30% of BTC supply ‘underwater’


William Suberg
by William Suberg 1 month ago1 month ago
Bitcoin price rebound stops at 3K with 30% of BTC supply ‘underwater’


Bitcoin unrealized losses reached nearly one-third of the supply, even before BTC price fell to multimonth lows below $100,000.

Key points:

Bitcoin struggles to recoup losses that sparked multimonth lows under $100,000.

Traders hope that whales will push the market higher to neutralize late shorts.

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