Bitcoin Supply In Loss Turns Up: A Potential Bear Market Signal
Bitcoin is struggling to reclaim the $90,000 level amid market uncertainty and consolidation, with analysts divided on the outlook. A CryptoQuant report indicates a concerning shift: Bitcoin’s Supply in Loss (%) has started rising again, a pattern historically associated with early bear markets. This metric suggests losses are spreading from short-term to long-term holders, signaling a potential change in market structure toward prolonged downturns rather than a temporary correction. Although current levels are below historical capitulation thresholds, the trend change aligns with past cycles where true bottoms formed only after broad distress.
Price action remains constrained below key moving averages, with resistance near $94,000–$96,000. A break below $85,000 could renew downside pressure, while holding above $92,000 may improve short-term structure. The overall signal suggests risk remains skewed downward until loss expansion stabilizes or reaches extreme levels.
bitcoinist01/29 13:32
