UPDATE: Bitcoin supply in loss overtakes supply in profit for first time this cycle; LTH holdings hit record 14.85M BTC

AI Market Summary

Bitcoin on-chain positioning has shifted: supply held at a loss has exceeded supply in profit for the first time this cycle, while long-term holder supply reached a record 14.85 million BTC. This combination signals stronger holder concentration and reduced liquid float, but also indicates broader unrealized drawdowns. Near-term, it can amplify sensitivity to catalysts as marginal liquidity tightens and profit-taking supply diminishes.

Impact level

● Medium

Affected assets

BTC/USDT+0.78%

AI Insight · BTC/USDTAI Insight

● Neutral

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UPDATE: For the first time in the current cycle, the amount of Bitcoin supply held at a loss has exceeded the supply held in profit. Long-term holder (LTH) supply also climbed to a new record of 14.85 million BTC.

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