Bitcoin "Supply In Loss" Tops 10M BTC as Ali Martinez Flags Potential Cycle Bottom

Bitcoin steadied around the $60,000 area after several days of sharp declines, while on-chain signals pointed to a possible trend shift. In a June 7 X post, analyst Ali Martinez said BTC may be nearing a cycle bottom as the "Supply In Loss" metric crossed 10.46 million coins. At the time of writing, BTC traded near $62,746, up 2.5% over the past 24 hours.