Bitcoin slides into worst profit cycle in history as 59% of supply turns red
As Bitcoin trades in the low-$60,000s, the ledger exhibits practically half of holders are sitting on losses. Newhedge’s % supply in profit gauge exhibits 51.78% of cash are in profit with BTC round $63,275, implying roughly 10.35 million BTC in profit versus 9.64 million BTC in loss. However, this weekend, analyst DurdenBTC’s supply in profit…
