Bitcoin's supply in profits falls to 76%, more than 4.5m BTC now in unrealized losses

bitcoin continues to face a mass sales pressure, with its price falling below the $ 84,000 brand, marking a 15% decrease since the beginning of March. This recession has fed the sale of panic and the increase in fear, and many investors now speculate if bitcoin is entering a bearish market. The recent decrease has left the market in a state of uncertainty, since btc struggles to claim key levels that could restore the bullish impulse.

According to data in the Cryptocan chain, the percentage of bitcoin's supply in profits has decreased from 99% to 76%, which means that 23% of btc's total supply is now in an unrealized loss. Historically, such great decreases in the profitability of the supply have led to greater volatility, since the weakest capils, while the long -term holders evaluate market conditions.

With bitcoin at a critical situation, merchants are closely observing if btc can claim key levels of resistance or if higher pressure will push even lower prices. The next few days will determine whether bitcoin is configured for deeper recovery or losses ahead.

bitcoin faces a critical test

bitcoin is struggling to recover higher prices, with a weak price action and an intense fear that continues to dominate the feeling. Many analysts are now asking for the end of this Toro cycle, since btc lost the level of $ 90,000 weeks ago, without recovering its previous impulse. Currently, bitcoin is stuck below $ 85,000, barely remains above $ 80,000, since the bearish pressure keeps investors to the limit. The market remains in a vulnerable position, and many expect a greater drop in lower demand levels.

However, there is still hope of a recovery, since btc could claim key levels and revive purchase interest. Main analyst <a target="_blank" href="https://x.com/AxelAdlerJr/status/1899011549823385852″ target=”_blank” rel=”noopener nofollow”>Axel Adler shared ideas about xrevealing that the percentage of bitcoin supply in profits has decreased from 99% to 76%, which means that 23% of btc's total supply is currently in an unrealized loss. This is equivalent to approximately 4,561,966 btc of 19,834,633 btc in circulation, marking a significant change in market profitability.

Adler also pointed out that such decrease could trigger panic among investors without experience, which potentially feeds the sales pressure. However, he pointed out that there was a similar trend during the previous consolidation phase, when the percentage of supply in profits fell to 70%, which confirms the macro cycles of the market that often precedes strong recovery.

For now, bitcoin remains in a delicate position, with the next negotiation sessions established to determine if btc can claim higher resistance levels or if the bears will extend the current descending trend. Investors closely observe if this cycle reflects past consolidations or if the deepest losses are ahead.

btc price action: technical details

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