More than 50% of bitcoin supply is underwater; prior bottoms followed within weeks, often after a final leg lower: K33

Crypto Insight Summary: Over half of bitcoin's circulating supply is now trading at a loss, a level typically only reached near major bear market bottoms, per K33. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Historical pattern suggests potential for short-term volatility but not immediate reversal.