CryptoQuant Predicts Low Point in Bitcoin's Decline

A recent analysis by CryptoQuant has shed light on the current state of the Bitcoin market. The firm's data suggests that 92% of short-term investors (STHs) are currently at a loss, with only 8% holding profitable positions.

This situation could lead to increased selling pressure with every price recovery, as STHs look to cut their losses. Analysts argue that this is not limited to STHs alone, with even institutional investors like Strategy reportedly facing significant losses.

Strategy holds approximately 762,000 $BTC and has an average cost basis of around $75,600. This level is consistent with recent resistance levels and has been the point of rejection for the recent rally.