Currently, around 26 per cent of the Bitcoin supply held by short-term traders (less than 155 days) is underwater after the crash, according to data available on Glassnode.
After the dramatic crash, which saw the cryptocurrency tumble to nearly $30,000, the currency has moved in a range of $9,000 in the past few days suggesting that the market is still finding its feet after being dazed by the sell-off."