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Bitcoin Experiences Significant Selloff, Half of Supply Now at a Loss
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Why It Matters
This significant downturn in Bitcoin highlights increased market volatility and investor apprehension in the cryptocurrency space, potentially reflecting broader risk-off sentiment in financial markets.
Key Intelligence
- ■Bitcoin has undergone a substantial selloff, marking its worst week since the FTX crash.
- ■Approximately half of the total Bitcoin supply is now trading at a loss.
- ■Analysts suggest the current trend may indicate further price declines and market pain ahead.