The second largest Bitcoin holder in loss and a scary thing you should know!

study time: minutes

Strategy went back to the market war, buying another 2,486 Bitcoins (BTC) worth approximately $168 million at an average price of $67,710. With this purchase, the company’s total assets have reached a record of 717,131 bitcoins.

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But on the other side of the story, the Net Unrealized Profit/Loss (NUPL) ratio paints a worrying picture. The data shows that true market bottoms always form when the majority of investors are at a loss and give up, but NUPL is still high; It means that we have not reached the peak of pain in the market.

The scary part of the story is that the average purchase price of the entire strategy as the second largest holder is $76,027, while the price of Bitcoin is now hovering below this number and shows no signs of returning to the uptrend!