glassnode: Over 7.8 million BTC are in a floating loss state
Foresight News report: glassnode tweeted, "Bitcoin is around $76,700, and more than 7.8 million BTC are currently in an unrealized loss." glassnode pointed out that coins bought near the cyclical peak still pose significant supply pressure. The market needs to absorb this selling pressure before prices can have a structural basis for sustained growth.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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