6.7M Bitcoin at a loss in 2025, highest this cycle at 23.7% of supply underwater. Tracking since 2017: when loss-bearing supply hits this range, we're usually in that frustrating phase before real capitulation or recovery.
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6.7M Bitcoin at a loss in 2025, highest this cycle at 23.7% of supply underwater. Tracking since 2017: when loss-bearing supply hits this range, we're usually in that frustrating phase before real capitulation or recovery.