More than 50% of bitcoin supply is underwater; prior bottoms followed within weeks, often after a final leg lower: K33

Over half of bitcoin's circulating supply is now trading at a loss, a level typically only reached near major bear market bottoms, per K33

OttoTrader publishedJun 10, 2026, 11:38 AM

Original source timeJun 10, 2026, 11:15 AM

UpdatedJun 10, 2026, 11:38 AM

Source publicationThe Block

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Brief context

The part worth checking first.

What changed

The setup

Over half of bitcoin's circulating supply is now trading at a loss, a level typically only reached near major bear market bottoms, per K33 More than 50% of bitcoin supply is underwater prior bottoms followed within weeks, often after a final leg lower: K33

Why it matters

Trader relevance

Market context around BTC and NEAR can change volatility, liquidity, or sentiment. The concrete detail to watch is over half of bitcoin's circulating supply is now trading at a loss, a level typically only reached near major bear market bottoms, per K33

Trading lens

How to use it

Use this as defensive context from theblock.co. Watch whether more than 50% of bitcoin supply is underwater confirms momentum, invalidates active bias, or changes timing.

Assets

BTCNEAR

Source: The Block on theblock.co.

Original Source

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