Meanwhile, bear market periods have been linked to a significantly greater domination of losses, with about 45% of the supply being retained at a loss. When BTC dropped below the $60,000 price level, the market drew close to reaching a balance between profits and losses. During this period, only 51.1% of the BTC supply was left in profit.
Why The $80,000 Level Remains A Key ResistanceAs seen on the chart, BTC was once again rejected from this crucial resistance level as it attempted to break above the $82,000 mark. However, for now, short-term holders are likely to exit the market and reduce their losses rather than continue to hold strong to their coins.
