Here’s the number of Bitcoins in loss
In this news:
More than 8 million BTC are now being held at an unrealized loss as Bitcoin’s recent correction continues to pressure investors, according to on-chain data from Glassnode.
The latest figures shared on June 10 show Bitcoin (BTC) supply in loss has climbed to roughly 8.33 million BTC following the market’s decline from recent highs.
The increase reflects a growing number of holders whose coins are now valued below their acquisition price, highlighting the impact of the latest sell-off across the market that saw the maiden digital currency dip below $60,000 at some point.
Data from Glassnode’s Supply in Profit/Loss shows Bitcoin supply in loss rising sharply in recent weeks, reaching approximately 8.33 million BTC.
The insights indicate that the increase coincided with the cryptocurrency’s retreat into the low-$60,000 range after trading near cycle highs earlier in the year. As prices fell, a growing portion of the circulating supply moved below cost basis, pushing the number of loss-making coins to its highest level in months.
Bitcoin supply in profit has fallen sharply from peak levels, indicating that many investors who bought near recent highs are now holding unrealized losses.
Historically, rising supply in losses has coincided with periods of market stress and capitulation among recent buyers.
Bitcoin profit facing major reset
Meanwhile, a separate on-chain metric suggests Bitcoin’s profitability is approaching a significant reset.
According to CryptoQuant data shared on June 10, Bitcoin’s Percent Supply in Profit has fallen toward the 45% level, meaning less than half of the circulating supply remains in profit at current prices.
The data highlights a sharp decline in Bitcoin profitability. During major bull markets, Percent Supply in Profit has often remained above 90%, indicating widespread gains across the network.
By contrast, readings near 45% have historically coincided with deep corrections and elevated investor pessimism.
The decline suggests profitability pressure is affecting a broad portion of holders rather than a small segment of the market.
Together, the metrics signal a market reset, with Bitcoin supply in loss rising to 8.33 million BTC and Percent Supply in Profit falling toward 45%. Similar conditions have historically coincided with capitulation and long-term accumulation phases.
By press time, Bitcoin was trading at $60,947, having dropped almost 3% in the past 24 hours, while on the weekly timeframe, BTC has plunged 9%.
Share the article:
Trending News & Crypto World
.png)
Latest Crypto News
Top Trending Cryptocurrencies on The Market
Current Price
$0.02686
Market Cap
$732.5M 2.46%
24h Volume
$9.9M
Supplies
100.0B / 100.0B
Current Price
$0.02988
Market Cap
$699.9M -15.25%
24h Volume
$16.0M
Supplies
100.0B / 100.0B
Current Price
$0.9983
Market Cap
$697.8M -0.02%
24h Volume
$1.9M
Supplies
699.0M / ∞
Current Price
$1.715
Market Cap
$685.0M 0.82%
24h Volume
$133.1M
Supplies
1.0B / 1.0B
Current Price
$0.6766
Market Cap
$679.8M -7.27%
24h Volume
$86.9M
Supplies
2.0B / ∞
Current Price
$2.078
Market Cap
$660.1M -2.08%
24h Volume
$58.0M
Supplies
329.5M / 400.0M
Current Price
$51.071
Market Cap
$658.1M 0.20%
24h Volume
$50.1M
Supplies
12.9M / 18.9M
Current Price
$0.03257
Market Cap
$649.6M -3.34%
24h Volume
$10.6M
Supplies
38.1B / ∞
Current Price
$1.189
Market Cap
$638.7M 0.02%
24h Volume
-
Supplies
537.2M / ∞
Current Price
$1.830
Market Cap
$637.0M -6.87%
24h Volume
$6.1M
Supplies
2.1B / 2.1B
Current Price
$0.03799
Market Cap
$634.6M -1.84%
24h Volume
$21.0M
Supplies
24.0B / 24.0B
Current Price
$0.7066
Market Cap
$624.5M -3.45%
24h Volume
$104.7M
Supplies
1.2B / 2.1B