Bitcoin Correction: Limited Losses, Potential for Continued Upside

Analysis indicates that only around 9% of the Bitcoin supply is currently experiencing losses, carrying up to 10% unrealized losses. This represents a significant difference compared to the depths of previous market cycles, where over 25% of supply experienced losses at their low point. This suggests that this correction is relatively shallow and might not fully reflect Bitcoin’s long-term potential. Experts cite factors like expanding DeFi applications and increasing institutional investment as drivers behind recent price movement.