Bitcoin nears cycle bottom as over half of supply is held at a loss, says K33

K33 said Bitcoin has historically bottomed within weeks of more than half of its circulating supply being held at a loss, with strong one-year returns following in most previous cycles.
Source: Bitcoin nears cycle bottom as over half of supply is held at a loss, says K33 (https://cointelegraph.com/news/half-bitcoins-supply-at-loss-cycle-bottom-k33?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)