{"id":97004,"date":"2026-05-30T01:03:02","date_gmt":"2026-05-30T01:03:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=97004"},"modified":"2026-05-30T01:03:02","modified_gmt":"2026-05-30T01:03:02","slug":"bitcoin-correction-pushes-580000-btc-into-loss-territory","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=97004","title":{"rendered":"Bitcoin Correction Pushes 580,000 BTC Into Loss Territory"},"content":{"rendered":"
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Data shows the Bitcoin loss supply has risen to 8.33 million BTC as the recently-bought tokens have been pushed underwater by the drawdown.<\/p>\n

Bitcoin Total Supply In Loss Has Shot Up Recently<\/h2>\n

In a new post<\/a> on X, on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin Total Supply in Loss<\/a>. This indicator measures, as its name suggests, the total amount of BTC that\u2019s currently being held at some net unrealized loss.<\/p>\n

The metric works by going through the transaction history of each token in circulation to determine the price at which it was last involved in a transfer on the blockchain. If this last selling value was more than the latest spot price for any token, then that particular coin is assumed to be held at a loss right now.<\/p>\n

The Total Supply in Loss counts up all tokens fulfilling this condition. A counterpart indicator called the Total Supply in Profit<\/a> takes care of the supply of the opposite type (that is, the coins with a cost basis lower than the current price).<\/p>\n

Now, here is the chart shared by Glassnode that shows the trend in the 7-hour simple moving average (SMA) of the Bitcoin Total Supply in Loss over the last couple of years:<\/p>\n

\"Bitcoin<\/p>\n

As displayed in the above graph, the Bitcoin Total Supply in Loss observed a decline during April and the first half of May as the cryptocurrency\u2019s price enjoyed a recovery surge. At the asset\u2019s top, the underwater supply shrank to levels below 7 million BTC. For comparison, the metric neared the 10 million mark following the crash in February.<\/p>\n

Some of the supply that had escaped the loss territory, however, are now back in the red as a result of the price drawdown that Bitcoin has faced in the second half of May. The cryptocurrency\u2019s retrace to $76,600 had already taken the Total Supply in Loss to a value of 7.75 million BTC, and now, the latest leg down<\/a> to $73,000 has meant that the indicator has further gone up to 8.33 million BTC.<\/p>\n

Naturally, the fact that a notable 580,000 BTC went into loss just because of this new drawdown implies that the $73,000 to $76,600 range saw the change of hands of a significant amount of supply. \u201cThis cohort adds to near-term sell pressure as holders reassess their positions into the correction,\u201d noted the analytics firm.<\/p>\n

Currently, the network is still in a better state than it was in February, but it only remains to be seen whether that will be the case going forward.<\/p>\n

BTC Price<\/h2>\n

At the time of writing, Bitcoin is trading around $73,200, down more than 5% over the past week.<\/p>\n

\"Bitcoin<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Data shows the Bitcoin loss supply has risen to 8.33 million BTC as the recently-bought tokens have been pushed underwater by the drawdown. Bitcoin Total Supply In Loss Has Shot Up Recently In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin Total Supply in Loss. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-97004","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/97004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=97004"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/97004\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=97004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=97004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=97004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}