Bitcoin's Realized Net Loss Negative for Five Consecutive Months, Support Zone Anchored at $48K-$56K

BTC-2.34%
According to CryptoQuant analyst Axel Adler Jr., Bitcoin's realized net loss (90-day moving average) has been negative for five consecutive months as of June 26, currently reading -203.2 million dollars, indicating systematic loss-locking across the market. Holder cost basis analysis shows major whales (10,000+ BTC) at $48,100, small addresses (10-100 BTC) at $47,800, and large wallets (1,000-10,000 BTC) at $56,500, all remaining below current price levels. The 100-1,000 BTC cohort at $65,700 is the primary source of current loss-driven selling.
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