Bitcoin: Long-Term Holders Hit 45% Loss Threshold

Bitcoin long-term holders now hold 45% of supply in loss, the exact level seen at every prior cycle bottom, even though price remains above realized price according to @DurdenBTC data shared by @Andre_Dragosch.

With BTC trading at $58420.69 on the 4h chart, price tests the lower Bollinger Band support at $58585.53 while EMA50 at $60731.24 and EMA200 at $65690.2 act as concrete resistance overhead; the MACD death cross at -503.12 reinforces bearish momentum as RSI at 33.22 shows neutral conditions without oversold exhaustion, pointing to potential further downside before any relief rally in BTC price prediction models.