Bitcoin's 'Bottom Countdown' Hits Day 50 — Here's What the Supply-in-Loss Metric Is Actually Telling Us
6d ago · 1 source
A key on-chain metric tracking the percentage of Bitcoin supply held at a loss has surpassed 50%, triggering what analysts call a 'bottom countdown' that is now approaching 50 days. Historically, when more than half of all BTC is underwater, a market bottom tends to form within a defined window. Analysts are watching closely to see if this pattern holds once again.
WHY IT MATTERS
Imagine you bought a concert ticket for $100, but now it's only worth $60 on the resale market — you're 'in loss.' This metric tracks how many Bitcoin holders are in that same situation. When more than half of all Bitcoin is held by people who are underwater, it historically means the market is near its lowest point — like a sale that's almost over. For newcomers, this is a signal that experienced analysts watch to gauge whether the worst of a downturn might be close to ending, though it's never a guarantee.
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Educational only — not financial advice.