1 week ago
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Key Takeaways
- Fewer Bitcoin outputs remain at a loss.
- $71,300 marks potential active-supply cost-basis support.
- $79,800 concentrates possible break-even selling pressure.
- ETF withdrawals challenge the improving onchain picture.
Fewer losing outputs change the cycle picture
The share of Bitcoin transaction outputs held at a loss has fallen from close to 60% to approximately 27%, according to CryptoQuant contributor Crypto Dan. He argues that declines of a similar scale accompanied earlier transitions away from bearish market conditions.
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