Bitcoin supply in loss hits all-time high of 10.83M BTC

The supply of Bitcoin currently held at a loss has reached an all-time high of 10.83 million BTC, Glassnode reported. This figure surpasses the levels seen at all previous bear market bottoms. The supply of BTC in loss, which stood at 9.8 million BTC in February, surpassed 10.7 million BTC this month. The last times the metric exceeded 10.5 million BTC were near the bear cycle lows of 2019 and 2020. As a result, the volume of coins held at a loss by long-term holders (LTH), defined as those holding for at least 155 days, has reached 5.58 million BTC. This is the second-largest amount in history, trailing only March 2020, when over 5.6 million BTC held by LTHs were at a loss.