Bitcoin Long-Term Holders' Loss Supply Exceeds FTX Collapse Period Level; Realized Price Near $50,000

BTC0.72%
According to BlockBeats, on July 26, trader Killa noted that the supply of long-term Bitcoin holders in a loss state has exceeded levels seen during the FTX collapse period, approaching 2018 bear market levels. Bitcoin's realized price currently stands near $50,000. Killa cautioned against mechanical reliance on historical price signals, as many cycle-top indicators failed to trigger in the previous bull market; however, the current market distress level is comparable to the FTX event and 2018 bear market period.
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