Majority of the Global Bitcoin Supply is Now Losing Money, Hinting at a Market Turnaround
New York, Friday, 5 June 2026.
Over 10.5 million Bitcoin are currently held at a loss. Historically, this rare milestone indicates the current downturn has hit its lowest point, setting the stage for recovery.
A Critical Threshold in On-Chain Data
On June 4, 2026, the digital asset market crossed a historically significant threshold when Bitcoin’s price fell to approximately $61,300 [1][2]. According to data from the blockchain analytics institute Glassnode, this price action pushed the volume of Bitcoin held at an unrealized loss to over 10.5 million tokens, out of a circulating supply of roughly 20 million [1][2]. For the first time in the current market cycle, the supply of underwater assets surpassed the approximately 9.8 million tokens currently held in profit [1]. Prior to this definitive crossover, the percentage of circulating supply in profit had already dwindled to 49.43% [5]. Mathematically, this indicates that 52.5 percent of the tracked circulating supply was acquired at a higher price than its current market value [1][2].