Bitcoin Investors Underwater as Price Lags

Bitcoin Volatility Leaves 26% of Supply Underwater

• 26% of Bitcoin supply is now worth less than its purchase price.
• The percentage of Bitcoin held at a loss was only 1.46% on January 18.
• Bitcoin’s price has fallen to $76,880.56, decreasing by 3.7% in the last 24 hours.
• Institutional investors withdrew $326.3 million from Bitcoin ETFs recently.
• In November 2022, over 56% of BTC investors were at a loss during the FTX collapse.

The current situation marks a significant shift from December when only a small fraction of Bitcoin was underwater, reflecting ongoing market volatility and macroeconomic influences.