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News
Bitcoin Trades Near True Market Mean as 25% of Supply Falls Underwater
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Jai Hamid1d ago

Bitcoin Trades Near True Market Mean as 25% of Supply Falls Underwater

Bitcoin is trading just above its True Market Mean cost basis, with over 25% of circulating supply now underwater. The price structure mirrors conditions seen in early 2022. Net capital inflows remain positive at $8.69 billion monthly but significantly below July's $64.3 billion peak, according to Glassnode data.
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Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
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