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Bitcoin underwater supply and holder pain

April 5, 2026Sjuul | AltCryptoGems, Cointelegraph

Sjuul and Cointelegraph emphasize drawdowns and positioning, with Sjuul saying 44% of BTC holders are at a loss near $66K and Cointelegraph pointing to quarter-to-quarter weakness context.

Nearly half of the Bitcoin supply is now underwater.
Around 44% of $BTC holders are sitting at a loss near $66K.
We haven't seen two successive red Quarters since 2022 and 2018.
Sjuul | AltCryptoGems
Cointelegraph
BTCsentiment

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