Bulls & Bears Collide In Crypto-Land: Hot-Hands Versus HODLers
January 22, 2022 at 17:45 PM EST
The Bitcoin price is trading down ~50% from the all-time high set in November 2021. As the drawdown worsens, an increasingly significant volume of BTC supply has fallen into an unrealized loss. Approximately 5.7 million BTC are now underwater.