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Ali Martinez says Bitcoin may be near a major bottom as 10.46M BTC sit at a loss
On June 7, 2026, on-chain analyst Ali Martinez said Bitcoin could be approaching a major bottom after the amount of BTC held at a loss rose to 10.46 million. He argued this condition has historically aligned with market troughs because holders tend to avoid realizing losses, which can ease selling pressure. By June 8, BTC traded at $63,042, about 6% above June 5 lows but still down 13.41% over the week.