Bitcoin Loss Holders Highest Since October As BTC Crashes To $87,000
Summary
The number of Bitcoin addresses in a loss state has increased significantly following a price drop of over 7%, with Bitcoin briefly falling below $87,000 before rebounding to around $89,000. The broader digital asset market has also experienced declines, with many altcoins performing worse than Bitcoin. Liquidations in the derivatives market reached $1.5 billion in the last 24 hours due to this downturn. According to IntoTheBlock, more than 12% of Bitcoin addresses are now classified as "out of the money," indicating that these holders are at a loss, marking the highest percentage since October of the previous year.
