Bitcoin Falls Below $70,000 for First Time Since April as 40.6% of Supply Faces Losses

BTC-4.82%
According to CryptoQuant analyst Julio Moreno, Bitcoin fell below $70,000 for the first time since April, with 40.6% of BTC supply now at a loss. However, Moreno stated the market has not yet hit bottom, noting that historically major market lows occurred when this indicator reached above 60% of supply in previous cycles.
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