A popular on-chain Bitcoin analyst claims the current crypto bear market hasn’t yet sent as many BTC underwater as previous cryptocurrency bear markets.
BTC analyst Willy Woo notes that showing how many Bitcoin are at a lower value compared to their purchase price is “one way of visualizing maximum pain.”
Woo’s chart indicates that Bitcoin’s 60% underwater level is currently hovering around $10,000.
Learn more about your ad choices. Visit megaphone.fm/adchoices
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
- Source: https://youtu.be/l7F4uYSsWJ0
- :is
- 000
- a
- About
- According
- Ad
- analyst
- ARE
- around
- AS
- At
- Bear
- Bear Market
- bear markets
- Bitcoin
- blockchain
- BTC
- Chart
- choices
- claims
- compared
- could
- crypto
- Crypto bear market
- crypto news alerts
- cryptocurrency
- Current
- Currently
- For
- How
- HTTPS
- indicates
- Level
- like
- Look
- look like
- lower
- many
- Market
- Markets
- maximum
- more
- Notes
- of
- On-Chain
- Pain
- plato
- Plato Data Intelligence
- PlatoAiCast
- platoaistream
- PlatoData
- Popular
- previous
- price
- purchase
- sent
- showing
- that
- The
- their
- to
- top
- underwater
- value
- Visit
- Way..
- Web3
- What
- Willy Woo
- Woo
- yet
- Your