#BitcoinActiveSupplyInProfitDropsBelow45
🚨 On-chain alert: Less than 45% of Bitcoin’s active supply is now in profit! 🚨
New on-chain data from CryptoQuant, shared by analyst Darkfost, reveals a significant pain threshold across the market, as BTC remains near the $66,000–$67,000 range:
📉 More than 55% of the active supply is at a loss: Excluding coins that have been inactive for more than 10 years (lost or illiquid BTC), less than 45% of Bitcoin currently in active circulation is in profit; in other words, losing positions now outnumber winning ones.
🔍 Nuance between active supply and total supply: Although around 54% of the total BTC supply remains in profit, the active supply perspective shows that short- and medium-term holders who bought during recent rallies are suffering heavy losses.
🎯 Historical bottom zone (<40%): Previous cycles show that when the share of the active supply in profit falls below 40%, it often coincides with the late-stage lows of a market correction and with contrarian accumulation zones.
🏦 Macroeconomic and Fed pressure: With more than $2 billion in recent liquidations and markets preparing for Wednesday’s FOMC minutes, amid the possibility of a hawkish Fed rate hike in December, weaker investors are being shaken out while long-term capital quietly watches support levels.
$BTC
🚨 On-chain alert: Less than 45% of Bitcoin’s active supply is now in profit! 🚨
New on-chain data from CryptoQuant, shared by analyst Darkfost, reveals a significant pain threshold across the market, as BTC remains near the $66,000–$67,000 range:
📉 More than 55% of the active supply is at a loss: Excluding coins that have been inactive for more than 10 years (lost or illiquid BTC), less than 45% of Bitcoin currently in active circulation is in profit; in other words, losing positions now outnumber winning ones.
🔍 Nuance between active supply and total supply: Although around 54% of the total BTC supply remains in profit, the active supply perspective shows that short- and medium-term holders who bought during recent rallies are suffering heavy losses.
🎯 Historical bottom zone (<40%): Previous cycles show that when the share of the active supply in profit falls below 40%, it often coincides with the late-stage lows of a market correction and with contrarian accumulation zones.
🏦 Macroeconomic and Fed pressure: With more than $2 billion in recent liquidations and markets preparing for Wednesday’s FOMC minutes, amid the possibility of a hawkish Fed rate hike in December, weaker investors are being shaken out while long-term capital quietly watches support levels.
$BTC
