According to the latest data from a blockchain analytics platform, more than 9.3 million bitcoins are currently held at a loss—an all-time high since early 2023.
This trend suggests that a significant portion of investors who entered the market this year are now underwater. Especially those who bought in at higher price levels have yet to see their holdings recover to break-even.
Market Volatility Intensifies Unrealized Losses
Recent price corrections have pushed asset values below purchase costs for many holders, particularly impacting short-term investors and speculators during periods of heightened market turbulence.
- Market sentiment has turned more cautious, with some investors opting to hold and wait.
- Long-term holders, on the other hand, have shown stronger confidence in their positions.
- Key areas of focus now include technical support levels and liquidity conditions.
Experts advise investors to stay rational, reassess their portfolio structures, and manage risk prudently in the current market environment.