BULLISH 📈 : Bitcoin supply in loss tops 10M, signaling accumulation zone
Ali Martinez says the latest selloff points to macro accumulation, not breakdown. He cites long-term holder distribution and a surge in supply held at a loss.
Headline
Ali Martinez: Bitcoin bottom nears; MVRV signals $53.9k–$43.15k zones
What happened
Bitcoin fell to $59,000 and flushed excess leverage, which Martinez calls typical bottom formation behavior per his post on X. Source
Key signals
- Long‑term holders sold over $3.25B spot BTC during the drop, temporarily lifting exchange reserves. Martinez says this aligns with final supply absorption phases seen before accumulation. Source
- Supply in loss jumped above 10.46M BTC after the move to $59,000. Martinez notes prior crosses above 10M have coincided with macro bottoms. Source
Where he sees value
- MVRV band map points to two accumulation windows. The 1.0–0.8 bands align with roughly $53,900 and $43,150. Source
- Structural guides he tracks: 200‑week SMA at $62,800, 300‑week at $55,000, 400‑week at $42,500. Source