Bitcoin’s Battle: Over a Quarter of Supply Sitting Pretty in the Red! 😱💸

Well, hold onto your hats, old sport! It appears that the cryptoverse is throwing a bit of a tantrum, with a hefty chunk of Bitcoin-23.7% to be precise-currently paddling in the kiddie pool of losses. Yes, indeed, about 6.7 million BTC are underwater, suggesting that traders and hodlers alike are either having a particularly gloomy tea break or contemplating the bigger picture with the sort of grim enthusiasm that only cryptocurrency can inspire. ☹️🎩

Here’s The Amount Of Bitcoin Supply At A Loss

In a report that sounds as cheerful as a rainy Sunday, Glassnode, that friendly neighborhood analytics outfit, announced that the Bitcoin supply at a loss has swelled to this staggering figure. It’s the highest we’ve seen in this cycle, and it’s apparently making quite the splash-whether of tears or just water, no one’s quite sure. The supply straddles the $93,000 to $120,000 range, making it as clunky as a typewriter in a digital age, with multiple heavy overhead pressures giving a rather gloomy outlook for those dreaming of a quick rebound. 🥴💰

The poor long-term holders, who probably thought they’d bought the dip and found themselves mired in the mud, hold about 10.2% of this gloom, while the more impatient short-term chaps hold the remaining 13.5%. As Glassnode sagely notes, just like in previous cycles, much of this loss-laden Bitcoin is maturing into the long-term cohort, which sounds as cozy as a pair of old slippers, but isn’t necessarily a sign of good things to come.

Meanwhile, the market’s mood is as stable as a house of cards, with mounting investor frustration reaching a crescendo before things potentially nose-dive into a deeper bearish abyss. Bitcoin has already backtracked to levels last seen in 2024 – talk about a walk down memory lane, only with fewer friendly faces and more financial faints. The market’s past top buyers, sitting pretty in the $93k to $120k range, seem almost embarrassed now, as if they’d been caught with their trousers down when the ship hit the iceberg. 🚢💥

Glassnode warns that unless Bitcoin can claw its way back above the crucial $101,500 mark (the Short-Term Holder Cost Basis), we might be in for a bit more of the same-downward slide and all that jazz. Quite the wretched pickle, really.

BTC Spot Demand Is About As Stable As a House of Cards 🃏

The demand in the Bitcoin spot market is about as consistent as a cat on a hot tin roof. The on-chain analytics reveals that buying behavior is more choppy than a sailor in a storm, with sporadic bursts of enthusiasm but no sustained effort to rally the troops. Coinbase is keeping it reasonably steady, like a cautious old butler, but Binance and other venues are all over the shop, swirling around like a whisky in a glass-confusing and unstable.🥃

Despite the recent dips, the dip-buyers seem to be playing it tactical, short-term, and not exactly throwing a ticker-tape parade. Most of Bitcoin’s movements now depend more on derivatives and liquidity conditions than actual organic demand. In plain English? The market’s about as predictable as a would-be gentleman’s hat in a hurricane. 🌪️

Current Bitcoin price, according to CoinMarketCap, is twinkling at around $86,800-up a smidge, but that’s hardly cause for a stiff upper lip.

2025-12-19 17:12

Here’s The Amount Of Bitcoin Supply At A Loss

BTC Spot Demand Is About As Stable As a House of Cards 🃏

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