Quinten Francois: Over half of Bitcoin supply was underwater at $60,000 during major market bottoms

Quinten Francois highlights that more than 50 percent of Bitcoin’s supply was underwater when the price reached $60,000, a phenomenon previously observed at significant market lows in 2015, 2018, 2020, and 2022.

He suggests that the current price zone may be viewed with regret by those who did not accumulate more Bitcoin during these periods.

Earlier this month, Quinten Francois noted that Bitcoin was trading near $63,000 and discussed shifts in key technical indicators such as the 200-week moving average in a previous update. He also pointed out that since February, Bitcoin has experienced a prolonged accumulation phase during a period of weak investor sentiment highlighted in an earlier report. These observations form part of Francois's ongoing analysis of market cycles and investor behavior.

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