Bitcoin's supply in loss has reached a record high of 10.83 million BTC as the cryptocurrency's price fell below $59,100, according to Glassnode data. This surpasses the previous peak of 9.8 million BTC four months ago and reflects levels seen during past bear market lows. Long-term holders, who have held their coins for at least 155 days, account for 5.58 million BTC of the current loss, marking the second-highest level since March 2020.
Despite the losses, long-term holders now control approximately 14.8 million BTC, an all-time high, representing nearly 75% of the total circulating supply. Historically, these holders accumulate during bear markets and sell during bull markets, indicating a strategic approach to market fluctuations.
Bitcoin Supply in Loss Hits Record 10.83 Million BTC Amid Price Dip
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