BlockHorizon

3 new distribution charts are live on BlockHorizon, public and free for everyone: ▸ Short- and Long-Term Supply ▸ Overhead Supply ▸ Cost Basis Percentiles Where BTC supply sits by cost basis, how much is above spot, and what share is in profit. We keep upgrading the platform 💪

Bitcoin back at $64k ABOVE realized price ($53k) — 1,271 days, the longest streak ever BELOW STH cost basis ($69k) ... the ceiling ALL previous bear markets bottomed BELOW realized price. This one hasn't even touched it. New low incoming, or different this time?👇

For the first time this cycle, the MAJORITY of coins are underwater. The profit/loss line just flipped to loss-majority. Historically, when ≤50% of $BTC supply is in profit (n=1,014 days): Forward 365d median return: +94.2% We're there now at 47.15%. Not a confirmed bottom - prior cycle lows went to 36-44.5% - but this is the zone buyers get paid from.🟢