CryptoQuant analyst says Bitcoin loss supply increases or points to early stages of bear market

CryptoQuant analyst Woominkyu pointed out that the supply in loss (SALL) of Bitcoin is beginning to rise, which may indicate that the market is shifting from a bull market correction to a bear market structure. Historical data shows that in the cycles of 2014, 2018, and 2022, this indicator had already risen before the market actually hit bottom, and prices continued to weaken. Although the current supply of losses is lower than the historical surrender level, its directional changes are of great significance, indicating that the scope of losses is expanding from short-term holders to long-term participants.