More than half of bitcoin in circulation is at a loss
The number of bitcoin in circulation priced at a loss has exceeded the supply in profit, with 10.5 million tokens underwater compared with 9.8 million BTC in profit.
The bitcoin price touched its 200-week moving average at $61,300, a long-term support level that has been reached in every previous bear market.
Total circulating supply is roughly 20 million BTC, so more than half of all coins are currently held at an unrealized loss.