Bitcoin Supply in Loss Hits Record 10.83M BTC

Bitcoin supply held at a loss has surged to a record 10.83 million BTC, according to data from Glassnode, as the cryptocurrency's price fell below $59,100 on Wednesday.

The number of Bitcoin tokens held at a loss — meaning their purchase price was higher than the current market price — reached an all-time high of 10.83 million BTC. This metric has been climbing since February, when it peaked at 9.8 million BTC, and briefly touched 10.78 million in early June. The latest reading is broadly consistent with levels seen near cycle lows in 2019, 2020 and 2022, when around 10.5 million BTC were in loss. Of the total, 5.58 million BTC are held by long-term holders (LTHs), defined by Glassnode as investors who have held their coins for at least 155 days.

For cryptocurrency traders, the record supply in loss is a key indicator of market sentiment and potential selling pressure. When a large portion of the supply is underwater, it often signals that the market is near a bottom, as weak hands may have already sold. However, it also suggests that many holders are unwilling to realize losses, which could cap further downside. Live crypto prices and charts on NowPrice show how the market is reacting to these on-chain signals.

Looking ahead, traders will watch whether Bitcoin can reclaim the $60,000 level, which has acted as both support and resistance since February. A sustained move above that threshold could reduce the supply in loss and shift sentiment. Conversely, further declines could push the metric even higher, testing the resolve of long-term holders. Key data releases and macroeconomic events in the coming weeks may also influence risk appetite across digital assets.