Bitcoin supply in loss reaches record high 10.83 million BTC
Bitcoin supply held at a loss has reached a record high of 10.83 million BTC, a level historically associated with market cycle bottoms. While long-term holders are accumulating, a significant portion of the supply remains in the red.
Why it matters
This data provides insight into investor sentiment and market health, suggesting that long-term holders are maintaining positions despite current price volatility.
The largest cryptocurrency has tested the $60,000 level repeatedly since February, briefly falling below it several times. Four months ago, the supply in loss peaked at 9.8 million BTC. It climbed to 10.78 million in early June.
The report is a factual summary of market data and on-chain analytics.
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