Bitcoin supply held at loss rises to 2024 level: Can BTC recover before 2025 ends?

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With a third of Bitcoin held at a loss, onchain data suggested that the market may be nearing a critical reset phase. Will BTC end the year above its range highs?

Key takeaways:

Around one-third of Bitcoin’s supply is now held at a loss, levels last seen in September 2024.

Onchain metrics show rising short-term losses but moderate selling pressure overall.

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