In the midst of recent Bitcoin Losses and volatility, more than a quarter – 26% – of the Bitcoin supply is now ‘under water’, which means that it is worth less than for which it was purchased.
This marks a grim reversal of fortunes for investors in recent months, according to data collected by Market Analysis Tool Cryptoquant. On December 15, only 0.015% of the BTC supply was ‘under water’, which means that only a very slim percentage of BTC that was held without a non -realized profit for investors. Already in January 18, the percentage of Bitcoin that was held with a loss was only 1.46%.
But according to the data from Cryptoquant, this percentage has been slowly increasing since January 18, because macro -economic worries have influenced the prices of crypto assets. The Bitcoin price is currently at $ 76,880.56 after having fallen by 3.7% after the last 24 hours, while Ethereum has fallen by 8.1% in the last 24 hours according to Coetecko’s data, because the rates of US President Donald Trump about Chinese goods came into play on Tuesday at midnight.
The last time that such a substantial part of the Bitcoin offering was in red was 6 September last year, when the number only 30%shy. Although Bitcoin acts considerably higher at the time of writing than on 6 September, when the exchange at around $ 56,000, the number of bitcoin with “underwater” remains approximately comparable.
This could reflect the near-record level of the inflow of BTC at the end of 2024 and early 2025, in the midst of the crypto-bull run in the election of President Donald Trump, at historically high prices.
Although the number of Bitcoin “Underwater” in recent years in broad lines correlated with the BTC price, it also reflects when speculators or investors choose to enter the market and the price they have paid.
Institutional investors are not really stacking at current prices; Yesterday, $ 326.3 flowed from Bitcoin ETFs and currents, seven of the last eight days have already been negative, according to data from Farsheid -Investors.
Investors have had it worse earlier
Although a large part of BTC investors are now in the red compared to just a few months ago, they are still doing relatively well compared to some of the darkest hours of the crypto world.
In November 2022, around the time of the collapse of Crypto Exchange FTX, more than 56% of the BTC investors were in red.
Published by Stacy Elliott.
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