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Bitcoin’s Bleak Turning Point: More Coins Held at a Loss Than Profit

For the first time since Bitcoin’s last major price collapse, a stark shift has occurred in the market. Data reveals that 10.83 million Bitcoin are now worth less than their purchase price, while only 9.22 million remain profitable. This flip marks a dramatic turn as Bitcoin tumbles from its January peak of $109,000 to a current valuation of $61,361.

The Market’s Chill: Who’s Holding On, Who’s Selling?

When prices plunge like this, the weak hands often capitulate. Investors who bought at higher prices—unable to endure further losses—tend to sell, while those with unwavering faith in Bitcoin’s future hold firm. Right now, the coins changing hands are predominantly moving from fearful sellers to steadfast holders, a dynamic that historically sets the stage for long-term accumulation.

The Altcoin Struggle: Ethereum and Solana’s Mixed Fortunes

Bitcoin isn’t the only cryptocurrency feeling the pressure:

• Ethereum remains slightly up but still far below its all-time high.
• Solana, however, bucked the trend with a 19% surge this week, reaching $80.44. Despite the downturn, daily trading volume across major cryptocurrencies still exceeds $3.6 billion, proving that activity persists even in bearish conditions.

Is This the Bottom—or Just the Calm Before the Storm?

The crossover point—where more coins are underwater than profitable—has historically been a warning sign, not a signal of recovery. In 2018 and 2022, similar moments preceded prolonged bear markets. For Bitcoin to stage a true rebound, external catalysts—such as improved market liquidity or renewed institutional interest—may be necessary.

The question lingers: Is this a temporary dip or the start of another prolonged slump?