Bitcoin: Loss Supply Tops Profit at 10.83M BTC

Bitcoin supply held at a loss has overtaken profitable holdings for the first time this cycle, with 10.83 million BTC underwater versus 9.22 million still in profit according to Glassnode.

The crossover echoes the 2018 and 2022 setups that triggered prolonged consolidation before eventual recoveries, shaping current BTC price prediction frameworks and reducing odds of an immediate crypto market crash.

Technical confluence shows BTC trading at $62490.33 inside the Bollinger Bands with upper resistance at $63578.13, while the RSI at 64.75 stays neutral and the MACD golden cross at 673.39 reinforces the bullish EMA structure; price may therefore pull back to the EMA50 support at $61020.15 before continuation.