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Supply in loss hits new low in 9 months๐๐ฅ
Supply in loss with MA7d hits new low in 9 months, is lowest since April 2022 when Bitcoin was trading in the $40,000 range The current value is about 32% of the total supply of Bitcoin in loss. Every time the Supply in loss reaches values above 50% capitulations occur and price bottoms can be identified along Bitcoin's history. The proportion of UTXO at a loss is decreasing since the peak in November 2022. The proportion of UTXO at a profit is increasing since the low in November 2022. When crosses occur between Supply in Loss and Supply in Profit it is possible to identify points of price trend reversal. When there is distortion between these two metrics it is possible to identify top or bottom price points. I pointed above to data on distortion between the metrics in November 2022, the last time Supply at Loss was crossed above Supply at Profit was in March 2020 where the price marked a bottom at $5,000. Now, when there is distortion between these data and the Supply in Profit is crossed above the Supply in Loss there are situations of market tops, signaling extreme euphoria. Therefore, there are signs of a possible trend reversal about to occur after the distortion between the metrics pointed out two months ago.