Crypto
Small wallets capitulate, whales distribute; is bitcoin\'s upside capped?
Bitcoin\'s supply held at a loss has risen to about 7.75 million coins, renewing focus on potential selling pressure. With bitcoin trading in the $77,000 range, only about 53% of supply is in profit, BGeometrics data show. Large holders have reduced positions over the past year while mid-sized wallets largely held steady, and wallets holding less than 1 BTC showed the biggest capitulation. The average purchase price was $77,253 on May 25.
