Jan 29, 2026
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BEARISH 📉 : Bitcoin Supply in Loss Rises, Signaling Potential Bear Market
Recent on-chain data indicates a shift in the Bitcoin Supply in Loss indicator, which historically signals the onset of bearish market phases.
Key Points
- The 365-day SMA of Bitcoin Supply in Loss has started rising again.
- This metric measures the percentage of BTC supply held at a net unrealized loss.
- A rising trend in this indicator historically marks early bear markets, spreading losses from short-term to long-term holders.
- The recent low of this indicator occurred as BTC reached an all-time high of over $126,000.
- While the current increase is not yet significant compared to past levels, it shows a solidifying change in direction.
- Past cycles show a high value in this indicator often aligns with cycle bottoms.
At present, Bitcoin trades around $89,000, reflecting a 1% increase over the last 24 hours.
