Bitcoin On-Chain Loss Levels Near Previous Bear Market Bottom

KuCoinFlash

Release Time: 02/06/2026 16:15:40

BTC

$74,128.90-0.69%

Summary

On-chain data shows Bitcoin's loss supply approaching levels seen at the 2022 bear market bottom. As of February 6, over 9.5 million BTC are in a loss state, close to the 10.5 million recorded in November 2022. On-chain analysis by CryptoQuant's Darkfost highlights the market's approach to a balance point between profit and loss positions. The rapid rise in loss-holding Bitcoin suggests a significant market adjustment.

BlockBeats News, on February 6, CryptoQuant analyst Darkfost said that the market is approaching the loss-making supply level during the previous bear market. In November 2022, about 10.5 million bitcoins were in a loss-making state. Currently, more than 9.5 million bitcoins are in a loss-making state, while about 10.4 million bitcoins are still in a profitable state.

Darkfost also pointed out that the market is about to see a situation where the number of Bitcoin losing and profitable positions is roughly equal, a scenario last seen at the end of the 2022 bear market. Notably,The adjustment this time is very significant, and the supply of loss-making holdings has increased rapidly.

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