*Over the past week, Bitcoin has corrected by 12.5% pushing an increasing number of investors into unrealized losses.*
*The share of BTC supply still sitting in profit has now fallen to 55%, a relatively low level by historical standards.*
*During previous bear markets, this metric dropped below 50%, meaning most coins in circulation were being held at a loss. We already saw 53% back in February, an if the current trend continues, the 50% threshold could be breached again soon.*
*In the short term, this remains a bearish signal. However, looking at past cycles, periods when a large portion of the market was underwater have often marked some of the most attractive accumulation zones for long term investors.*