"9.09 million bitcoins enter loss territory…46% of circulating supply 'in the red'"
Summary
- About 46% of Bitcoin (BTC) circulating supply has entered loss territory, with unrealized on-chain losses said to be increasing rapidly.
- Data from a CryptoQuant analyst show roughly 9.09 million BTC are at a loss, equivalent to about 46% of total circulating supply.
- The rising share of loss-making supply in on-chain data is typically seen in bear markets, as short-term purchases turn underwater after sharp price declines.
Forecast Trend Report by Period
About 46% of Bitcoin (BTC) in circulation has now entered loss territory, according to data. As the price correction drags on, analyses indicate that the amount of unrealized on-chain losses is rising rapidly.
On the 2nd, cryptocurrency-focused media outlet Cointelegraph cited data from a CryptoQuant analyst via X (formerly Twitter), reporting that about 9.09 million BTC are sitting at a loss. That corresponds to roughly 46% of total circulating supply.
Being in loss territory means the average acquisition cost for those coins is higher than the current market price. If holders sell now, the loss would be realized.
Meanwhile, an increase in the share of loss-making supply in on-chain data is typically observed during bearish phases. The proportion tends to rise quickly when, after a sharp price drop, a large amount of short-term buying flips into an "underwater" state.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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