📉 $BTC NOT ENOUGH PAIN TO CALL IT A BOTTOM?

BTCUSDT

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66,419.9

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This chart shows the percentage of Bitcoin supply that is in profit and loss during each cycle. And the interesting point is: every major bottom of BTC has a common signal.

2012 – 2015 – 2018 – 2020 – 2022

All bottoms appeared when the majority of holders were in a state of heavy losses → panic → sell-off

Looking at the present:

• The number of BTC in loss is increasing

• But has not yet reached the extreme level of previous bottoms

• This means the market has not yet gone through a real "capitulation"

👉The market only creates a bottom when:

When everyone loses faith.

When bad news is widespread

What about now?

We are just in the stage of pain — but not desperate enough.

$ZAMA $ESPORTS

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