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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/10/2026

8 Million Bitcoin at a Loss as Market Capitulation Deepens

What happened: More than 8 million BTC—representing a significant portion of circulating supply—are now held at a loss, according to Glassnode’s latest on-chain data.

8 Million Bitcoin at a Loss as Market Capitulation Deepens

What happened: More than 8 million BTC—representing a significant portion of circulating supply—are now held at a loss, according to Glassnode’s latest on-chain data. The total supply in loss (~10.5M BTC) has overtaken supply in profit (~9.8M BTC), a pattern historically associated with bear-market bottoms. The June 9–10 selloff pushed BTC below $61,000, triggering approximately $467.5 million in liquidations across the crypto market. Year-to-date, BTC is down 31% and ETH 46%.

Why it matters: While some analysts interpret these metrics as classic signals of market capitulation and potential bottoming, Glassnode notes that long-term holder losses remain well above historic lows seen in prior cycles. The market reset is severe, but not yet at the depths of previous bear markets. This could mean further pain—or, for contrarian investors, an opportunity to accumulate at cycle lows.

Source: Decrypt