Bitcoin's supply held at a loss has crossed 10.46 million BTC, a threshold that analyst Ali Charts identifies as historically appearing near major market bottoms based on Glassnode data. Concurrently, new buy walls have formed between $59,400 and $61,100 according to analyst CW's analysis of liquidity data from TradingView. The supply-in-loss metric tracks coins held below their purchase price, and the current level indicates significant market stress as a large portion of holders are underwater, while the buy wall formations suggest active buyer defense of lower price levels following recent market-wide declines.
Bitcoin Supply in Loss Reaches 10.46M BTC with Historical Bottom Pattern
Bitcoin's supply in loss has reached 10.46 million BTC, crossing a level that analyst Ali Charts states has historically appeared near major market bottoms. The chart, sourced from Glassnode, shows that Bitcoin entered bottom-forming phases when more than 10 million BTC were held at a loss in past market cycles.
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The metric tracks how many coins are held below their purchase price. When this number rises sharply, it shows that a large part of the market is underwater. According to the analysis, selling pressure can begin to fade at these levels because fewer holders want to realize losses, which can reduce forced selling.
The signal shows market stress and possible bottom formation, but Bitcoin may still move sideways or remain volatile. The analysis does not confirm an immediate recovery.
Buy Walls Form Between $59,400-$61,100 as Liquidity Analysis Shows Limited Resistance to $68,500
Bitcoin is showing new buy walls appearing across multiple price levels after a sharp decline. According to analyst CW, additional buy walls have formed between roughly $59,400 and $61,100. These green liquidity zones represent areas where large buy orders are concentrated.
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The chart shows Bitcoin rebounding from the recent low and climbing back above the clustered buy-wall region. The presence of multiple stacked support zones indicates buyers are actively defending lower levels after the recent market-wide selloff.
On the resistance side, the analysis highlights a lack of significant sell walls between the current price area and approximately $68,500. The nearest major liquidity clusters appear around $68,500, $70,000, and $72,000, where sellers could become more active if Bitcoin continues higher.
From a market structure perspective, Bitcoin remains below several key resistance zones created during the recent decline. Traders are watching whether Bitcoin can maintain support above the newly formed buy walls.
FAQ
What does Bitcoin supply in loss reaching 10.46 million BTC indicate?
Bitcoin's supply in loss crossing 10.46 million BTC represents a level that analyst Ali Charts identifies as historically appearing near major market bottoms based on Glassnode data. The metric tracks coins held below their purchase price, and when this number rises sharply, it shows that a large part of the market is underwater, which can lead to reduced forced selling as fewer holders want to realize losses.
Where have new Bitcoin buy walls formed according to recent analysis?
According to analyst CW's analysis of liquidity data from TradingView, new buy walls have formed between approximately $59,400 and $61,100. These green liquidity zones represent areas where large buy orders are concentrated, and the presence of multiple stacked support zones suggests buyers are actively defending lower price levels following recent market-wide declines.
What resistance levels does Bitcoin face based on current liquidity data?
The analysis by CW highlights a lack of significant sell walls between the current price area and approximately $68,500. The nearest major liquidity clusters appear around $68,500, $70,000, and $72,000, where sellers could become more active if Bitcoin continues higher, while Bitcoin remains below several key resistance zones created during the recent decline.
