glassnode: Over 25% of the Bitcoin supply is in unrealized profit, with Bitcoin's current price remaining highly sensitive to macroeconomic impacts

BlockBeats News, December 5th, glassnode stated in a post that since mid-November, Bitcoin has fallen below the 0.75 fractile, meaning that over 25% of the supply is at a loss. This puts the market in a fragile balance: on one hand, there is the risk of stop-loss/surrender from high-level buyers, and on the other hand, there is the possibility of seller exhaustion and the formation of a phase bottom.

Around $93,000, Bitcoin's price remains highly sensitive to macro impacts until it reclaims the 0.75 fractile (around $95,800) and further recovers the 0.85 fractile (around $106,200).