Bitcoin: Record 11M BTC Now in Loss

Bitcoin supply in loss has reached a record 11 million BTC, the highest level ever recorded, with roughly 55% of the circulating supply now trading below its realized price according to Glassnode on-chain metrics.

Price action on the 4h chart shows BTC at $59778.36 sitting beneath the EMA50 at $62528.71 and the EMA200 at $67358.45, locking in a bearish trend structure while the MACD death cross at -1016.76 keeps downside momentum intact; RSI at 35.88 still offers neutral readings, yet the pair remains inside the Bollinger Bands with lower-band support at $58571.55 acting as the next logical magnet before any sustained recovery attempt.