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Unrealised Topheavy Supplyinloss Topheavy Supplyinloss

Bitcoin

This measures the amount of Bitcoin supply currently held at an unrealised loss.

Why it matters

It gauges how much of the market is underwater, a stress and capitulation gauge.

How it is built

Coins whose current price is below their cost basis are summed.

What to watch

A large supply in loss marks bear-market stress; a shrinking loss supply signals recovery.

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