Bitcoin Spot Capital at a Loss Totals $707 Billion.

Bitcoin (BTC) spot positions contained about $707 billion of capital at a loss, compared with $380 billion of capital in profitable positions, leaving underwater capital close to twice the profitable amount. The dollar figures measure capital invested in each group of positions. They do not mean investors have realized $707 billion in losses or $380 billion in gains. They show how much invested capital was in positions showing a loss or a profit at the time of the snapshot. Crypto analyst Darkfost expects it to take several months for most capital now held at a loss to return to profit.