Bitcoin is sinking đź« 

Nearly half of all Bitcoin is currently underwater, with more and more holders sitting on losses following the coin's price plunge.

Author

Andrew Hayward
March 30, 2026

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đź“ť What you need to know

Investors are underwater on nearly half of all circulating Bitcoin, according to a new report from CEX.io, with about 9.4 million BTC showing paper losses following Bitcoin’s 47% fall from its October all-time high above $126,000. Analysts said they’re seeing a historical “warning sign” that has preceded large price drops.

“Long-term holders are now selling at their deepest losses in three years, and the speed of the reversal indicates a sharp deterioration in confidence,” the report reads. “Bitcoin’s price has been drifting slightly higher over recent weeks, but the share of long-term holders sitting in profit has been quietly shrinking at the same time.”

The price of Bitcoin dipped to nearly $65,000 on Sunday amid concerns over potential U.S. troop deployments in Iran, then ticked up to $68,000 early Monday before settling around $66,600 as of this writing.

Bitcoin Flashes 'Warning Sign' With Nearly Half of BTC Supply Sitting at a Loss: Report

Almost half of the Bitcoin supply is sitting at a loss, analysts said, as the top crypto asset remains about 47% off its all-time high.

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