Why Bitcoin’s $707 billion loss overhang means its recovery will take months

Losses have been dominating the world's leading crypto's market cap lately. In fact, roughly $707 billion invested in Bitcoin [BTC] were at a loss at press time, compared to only $380 billion in profits. The metric was aggregated daily and gave an average of the capital currently held in loss or profit on Bitcoin spot positions. According to the analyst Darkfost, it could take a long while for Bitcoin to battle past the capital in loss. Time is an important factor when coming out of a bear market. The market will take several months to put most of the capital back in profit. It is at that stage that a market expansion, or a bull run, can gather steam and get going.

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