Bitcoin: Over Half Held at Unrealized Loss

Bitcoin now has more than half its circulating supply held at an unrealized loss, a condition that has marked every major bear market bottom in history according to CoinDesk data shared by Erik Voorhees.

Price action on the 4h chart shows BTC at $61340.02 inside the Bollinger Bands with lower support at $60239.24 and upper resistance at $68645.8, while the EMA50 at $68401.12 and EMA200 at $74204.32 define the bearish structure and the MACD death cross at -2412.93 confirms trend strength to the downside. With RSI(14) at 27.64 flashing oversold, price testing lower band support often precedes a relief move toward the 50-EMA before any deeper continuation in this cycle.

This confluence reinforces the historical signal for BTC price prediction models that track unrealized loss thresholds during crypto market crash recoveries.