CryptoQuant: Udział strat Bitcoina zbliża się do 45% - czy to dno rynku?

FluxBTC · 2026-03-11T19:34:56.000Z

Udział Bitcoina w dostawie na stracie zbliża się do 45%. Podobne poziomy historycznie obserwowano podczas przejścia do niedźwiedzich faz rynku. Dno rynku zostało głównie utworzone dopiero po przekroczeniu poziomu około 50%, zauważył CryptoQuant. Udział Bitcoina na stracie (wskaźnik Bitcoin Supply in Loss) znów rośnie i zbliża się do zakresu 40-45%. Zauważyli to analitycy CryptoQuant. Eksperci wyjaśnili, że wskaźnik odzwierciedla część dostawy pierwszej kryptowaluty zakupionej po cenie wyższej niż aktualna cena rynkowa. Wzrost tego wskaźnika oznacza, że coraz więcej inwestorów trzyma aktywa na stracie.

The share of Bitcoin supply at a loss is approaching 45%.
Similar levels have historically been observed during the transition to bearish phases of the market.
The market bottom was mostly formed only after exceeding the level of about 50%, CryptoQuant noted.
The share of Bitcoins in loss (Bitcoin Supply in Loss metric) is growing again and approaching the 40-45% range. This was noted by CryptoQuant analysts.
Experts explained that the indicator reflects the part of the supply of the first cryptocurrency purchased at a price higher than the current market price. The growth of this indicator means that more and more investors are holding the asset at a loss.
According to CryptoQuant, similar values have historically been observed during bearish market phases or periods of deep corrections. In previous cycles — notably 2015, 2019, and 2022 — the increase in the share of coins in losses was accompanied by increased market pressure and increased loss realization.
Analysts noted that the current dynamics may indicate a weakening of the market structure. An increasing number of participants are starting to hold Bitcoin below the purchase price, which historically coincided with phases of worsening market sentiment, the statement said.
At the same time, according to CryptoQuant's observations, key market bottoms were mostly formed only when the supply share of the loss exceeded approximately 50%. Current values have not yet reached this level.
Thus, the increase in the indicator may signal increased stress in the market. However, historical data suggests that the current situation potentially corresponds only to the early stage of a bear cycle, and not its final phase, analysts concluded.
Do the indicators signal the bottom of the cycle?
In addition, CryptoQuant emphasized that one of the indicators often used to assess Bitcoin from a short-term liquidity perspective is the coin retention ratio in the range of 1 week to 1 month.
Analysis of previous periods shows that a significant decline in this indicator usually occurred near the lows of previous bear cycles, experts noted.
“Currently, this indicator has also fallen significantly. Although the current level is still a bit high to unequivocally state that ‘this is the bottom,’ an interpretation based on historical data suggests that the market has entered a zone that is quite close to undervalued territory,” the analysts concluded.
Earlier, K33 stated that Bitcoin had reached one of the most oversold levels in history.