Bitcoin supply in loss reaches record high 10.83 million BTC
Analysis
Price Impact
HighA record high of 10.83 million btc being held at a loss indicates significant selling pressure or a lack of buying interest at current price levels. historically, such levels have preceded market bottoms, suggesting a potential turning point. however, it also shows many participants are underwater, which could lead to forced selling if prices continue to decline.
Trustworthiness
HighPrice Direction
NeutralWhile a record high in supply in loss can be a bullish indicator for a future rebound (as it suggests capitulation), the immediate price action is uncertain. the market may still push lower before a sustainable recovery. the significant holdings by long-term holders at a loss also present a risk of future selling pressure.
Time Effect
LongThe historical context provided relates to previous market cycles (2019, 2020, 2022 bear markets), suggesting that the current situation might be a precursor to a longer-term trend reversal or accumulation phase rather than an immediate short-term price surge.
Original Article:
Article Content:
Markets Bitcoin supply in loss reaches record high 10.83 million BTC Almost 11 million bitcoin are now held at a loss, while long-term holders control a record 14.8 million coins. By James Van Straten | Edited by Sheldon Reback Jun 25, 2026, 10:28 a.m. 1 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Total Supply in Loss (Glassnode) Summary Show Bitcoin's drop to around $59,100 on Wednesday pushed 10.83 million BTC into a loss, the most on record, exceeding peaks seen during past bear-market bottoms. Long-term holders now own a record 14.8 million BTC, with more than one-third at a loss, highlighting continued conviction despite market weakness. As bitcoin BTC $ 61,525.16 fell below $59,100 on Wednesday, the number held at a loss rose to a record 10.83 million BTC, data from Glassnode shows. 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. Looking at previous bear market bottoms, around 10.5 million BTC in loss is broadly consistent with the levels seen near cycle lows in 2019, 2020 and 2022. Breaking this down further, 5.58 million BTC are held at a loss by long-term holders (LTHs), defined by Glassnode as investors who have held their coins for at least 155 days. This is the second-highest level on record, behind only March 2020, when more than 5.6 million of the cohort's bitcoin were held at a loss. Even so, long-term holders now control approximately 14.8 million BTC, another all-time high. With roughly 20 million BTC in circulation, these investors hold close to 75% of the circulating supply, 37% of which are in the red, Historically, long-term holders tend to accumulate and continue holding throughout bear markets, increasing their share of the supply. During periods of peak bull-market euphoria, they typically begin selling into market strength. Bitcoin News Related Assets Bitcoin $ 61,525.16 1.34 % Latest Crypto News 1 Micron delivers blowout earnings, surges 16% and deals crypto bulls a blow 27 minutes ago 2 Forget max pain theory. Bitcoin is well below the $72,000 magnet going into $10 billion options expiry 3 hours ago 3 Live markets: Bitcoin, ether lead $1 billion liquidation losses as AI trade keeps going 4 hours ago 4 MemeCore's M token suddenly crashes 80% with no clear trigger 4 hours ago 5 Ripple's RLUSD stablecoin goes live in Japan after regulatory approval 5 hours ago 6 Bitcoin has a new line in the sand. Thursday’s core PCE could stress test it. 5 hours ago 7 XRP slides 2.8% as weak bounce keeps $1 support in focus 5 hours ago 8 Bitcoin back above $60,000, ETH, SOL recoup losses as AI stocks stage rebound 5 hours ago 9 Upheaval at the Ethereum Foundation has some of crypto’s biggest names feeling bullish 14 hours ago 10 Kalshi targets a massive $40 billion valuation, widening lead over rival Polymarket 14 hours ago Latest Research CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. By CoinDesk Research Jun 15, 2026 In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. Why it matters : In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. View Full Report More From Markets Micron delivers blowout earnings, surges 16% and deals crypto bulls a blow Forget max pain theory. Bitcoin is well below the $72,000 magnet going into $10 billion options expiry MemeCore's M token suddenly crashes 80% with no clear trigger More From Bitcoin Micron delivers blowout earnings, surges 16% and deals crypto bulls a blow Forget max pain theory. Bitcoin is well below the $72,000 magnet going into $10 billion options expiry Live markets: Bitcoin, ether lead $1 billion liquidation losses as AI trade keeps going