Bitcoin · Wall Street · CryptoSlate
Wall Street is selling Bitcoin but the old holders are now buying it back
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Glassnode's latest Week Onchain report shows that roughly 10.83 million BTC are now in the red, against 9.22 million still in profit.
Key facts
- Glassnode's Accumulation Trend Score climbed across multiple cohorts this week, with the strongest readings among wallets holding less than 1 BTC and entities holding 100 to 1,000 BTC
- Glassnode's latest Week Onchain report shows that roughly 10.83 million BTC are now in the red, against 9.22 million still in profit
- Loss-making supply now accounts for roughly 54% of the measured total, compared with 46% still in profit, meaning underwater coins exceed profitable coins by about 1.61 million BTC
- Options traders are already paying up for protection: the 14-day put-to-call volume ratio climbed above 1.0, its highest reading in a year
Summary
01 Glassnode says about 10.83 million BTC are now underwater, surpassing the 9.22 million still in profit. 02 That shift suggests newer holders are under pressure, while long-term buyers are starting to absorb coins from selling ETFs. 03 The rebound remains fragile because ETF outflows continue, and Glassnode still sees a possible final capitulation spike. Loss-making supply now accounts for roughly 54% of the measured total, compared with 46% still in profit, meaning underwater coins exceed profitable coins by about 1.61 million BTC.