While many newer Bitcoin holders were technically losing money during the price drops, their actual losses weren't as bad as we usually see in down markets. Think of it like this: even though lots of people were underwater on their investment (meaning the price was lower than what they paid), they weren't drowning - the water wasn't that deep. This suggests these market dips were milder than typical crypto downturns, even though they affected a large number of recent investors. 🌊📊#BitwiseBitcoinETF #CryptoRegulation2025 #BTCXmasOrDip? #XmasCryptoMiracles #Crypto2025Trends