For the first time in this cycle, the percentage of supply loss reached 50%.

For-the-first-time-in-this-cycle-the-percentage-of-supply-loss-reached-50

Based on my analysis posted on QuickTake, the lowest bottom of the previous cycles always occurs when the percentage of supply loss reaches 50% or more.

We have now recorded the highest percentage of losses at 52% on daily data, 50.4% on weekly data (7DMA), and 48% on monthly data (30DMA).

In the third quarter, it is pretty clear that Bitcoin has held very firmly in price while the S&P 500, Nasdaq100, or traditional safe-havens such as bonds and gold have all fallen sharply in the last quarter. Whether a rally can be expected in the next three months of the year, we need to wait and see the accompanying macroeconomic movements.