Short-term Bitcoin holders are now realizing losses
at the biggest level in history.
Let that sink in.
Not 2022. Not COVID. Not FTX.
RIGHT NOW. June 2026.
The data:
→ Short-term holder realized P&L ratio: new all-time LOW
→ Long-term holders: 5.3 million BTC underwater
→ That's MORE than post-FTX levels
→ More than COVID crash levels
BTC is down 53% from its October 2025 peak.
Down 30% year-to-date.
Down 20% in ONE week.
$2.5 trillion erased from crypto since October.
And yet —
On-chain metrics are showing something unusual.
The percentage of BTC holders in profit just hit a long-term trendline
that has marked major cycle lows in every previous drawdown.
Every. Single. One.
Two possibilities exist right now:
📗 This trendline holds again → historic buying opportunity
📕 This time is different → more pain ahead
History says buy.
Macro says wait.
Which one do you trust?
#Bitcoin #BTC #CryptoMarket #OnChain #BinanceSquare #MacroCrypto
at the biggest level in history.
Let that sink in.
Not 2022. Not COVID. Not FTX.
RIGHT NOW. June 2026.
The data:
→ Short-term holder realized P&L ratio: new all-time LOW
→ Long-term holders: 5.3 million BTC underwater
→ That's MORE than post-FTX levels
→ More than COVID crash levels
BTC is down 53% from its October 2025 peak.
Down 30% year-to-date.
Down 20% in ONE week.
$2.5 trillion erased from crypto since October.
And yet —
On-chain metrics are showing something unusual.
The percentage of BTC holders in profit just hit a long-term trendline
that has marked major cycle lows in every previous drawdown.
Every. Single. One.
Two possibilities exist right now:
📗 This trendline holds again → historic buying opportunity
📕 This time is different → more pain ahead
History says buy.
Macro says wait.
Which one do you trust?
#Bitcoin #BTC #CryptoMarket #OnChain #BinanceSquare #MacroCrypto