Crypto Dan
BTC - UTXO loss ratio is similar to the 2020 bull cycle
The estimated percentage of Bitcoin in the loss range as of 2024 is similar to the big correction during the 2020 bull cycle. In 2020, there was a bigger crash due to Covid-19, but the cryptocurrency market surged due to the strong liquidity supply caused by the Fed's unlimited quantitative easing policy. As of 2024, it is difficult to implement a quantitative easing policy as fast as in 2020, but it is expected that liquidity will be supplied to the cryptocurrency market because it has gone through a sufficiently long adjustment and the possibility of moving to a rate cut and quantitative easing mode in the future is very high. Although the market has recently been suffering greatly, it may be too early to conclude that there is a bear market.