According to Glassnode, there's roughly 4.7M BTC held at unrealized losses. People are so over leveraged it's not funny. I'd say bulls have a seriously hard road ahead, at least in the short term and that chart does NOT look good.
Stick a fork in it my dudes.
* * * Not investment advice * * *
Stick a fork in it my dudes.
* * * Not investment advice * * *
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.