Research says that people who bought Bitcoin (BTC) between the past 6 and 18 months are experiencing huge losses, according to on-chain analytics platform CryptoQuant. specify
“When looking at the graph Obviously coins that are between the ages of 6-18 months have been selling wildly recently,” said CryptoQuant contributor Edris.
“These coins were bought between April 2021 and April 2022 for prices above $30,000. This signal means that many holders entering the market during the 2021 bull market and above the $30,000 level just surrendered and exited. from the market with a loss of about 50%.”
This event should not be overlooked. Because it usually occurs at the bottom of a bear market. But the only question is whether the June low of $17,600 will be the minimum.
“This type of surrender usually takes place during the last months of a bear market. This may indicate a potential low point in the near future.”
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