Key facts
- Roughly 10 million bitcoin, approximately half of the circulating supply, is currently underwater.
- This situation is comparable to the bear markets of 2018 and 2022.
- Bitcoin has recently stabilized around the $60,000 level.
Approximately 10 million bitcoin, which constitutes about half of the circulating supply, is currently in an unrealized loss state, according to Cex. io. This situation mirrors the bear markets of 2018 and 2022, despite Bitcoin's recent stabilization around $60,000.