Bitcoin holders are experiencing sustained losses as the cryptocurrency's price remains below $70,000. The short-term holder MVRV ratio is near 0.77, indicating significant stress among recent buyers. Bitcoin's price structure remains bearish, characterized by lower highs and a death cross, with the price staying below the 200-day moving average. Currently, Bitcoin is consolidating between $65,000 and $72,000, with support at $67,000 and resistance at $72,000 guiding short-term movements. According to Darkfost, most investors who entered the Bitcoin market within the past six months are now holding losses, as the cryptocurrency trades between $65,000 and $70,000, well below the $85,900 cost basis. The ongoing downtrend, which began in September 2025, has seen Bitcoin's price fall from over $120,000 to current levels near $67,000. This decline has formed a consistent pattern of lower highs and lows, reinforcing the bearish trend. Despite some recovery from the $62,000 to $64,000 range, the price rebound has been limited.