High percentage of Bitcoin, ETH, SOL held at a loss: Is it a bear market sign?

One analyst found that 40% of Bitcoin is held at a loss, while ETH and SOL data currently stand at 40% and 75% respectively. Should investors be worried?
Source: High percentage of Bitcoin, ETH, SOL held at a loss: Is it a bear market sign? (https://cointelegraph.com/news/high-percentage-of-bitcoin-eth-sol-held-at-loss-time-for-a-bear-market?utm_source=rss_feed&utm_medium=rss%3F_t%3D1764160447351%26rand%3Dxtygn_1764160447351&utm_campaign=rss_partner_inbound)