High percentage of Bitcoin, ETH, SOL held at a loss: Is it a bear market sign?

Cointelegraph.com NewsOne analyst found that 40% of Bitcoin is held at a loss, while ETH and SOL data currently stand at 40% and 75% respectively. Should investors be worried? 

​One analyst found that 40% of Bitcoin is held at a loss, while ETH and SOL data currently stand at 40% and 75% respectively. Should investors be worried?