Since mid-November, BTC has fallen below the 0.75 quantile, and now more than 25% of the supply is at a loss.
At the current price, BTC remains extremely sensitive to macro shocks. To restore stability, the market needs to return to the 0.75 quantile ($95,800) and then to 0.85 — around $106,200.
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💰 Fragile BTC market.
Since mid-November, BTC has fallen below the 0.75 quantile, and now more than 25% of the supply is at a loss.
At the current price, BTC remains extremely sensitive to macro shocks. To restore stability, the market needs to return to the 0.75 quantile ($95,800) and then to 0.85 — around $106,200.