According to data aggregated by analyst Darkfost, roughly $707 billion invested in Bitcoin was at a loss, compared with $380 billion in profit. The market could therefore need several months to bring most of the capital back into profit before a new bull run can gather momentum. Sentiment remains highly pessimistic following a security incident that drained $40 million from Brazilian exchange Mercado Bitcoin, while Bitcoin fell to a low of $76,541. The 30-day average number of active addresses stood at 629,000, 43% below the December 2024 peak of 1.10 million. By contrast, average daily Bitcoin transfer volume declined by only 5.4%, from 865,000 to 819,000 BTC, remaining close to its December 2024 level.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
