Analyst: The supply of profitable Bitcoin is approaching "true bear market" levels

金色财经_ · 2026-04-03T10:32:49+00:00

CryptoQuant analyst points out that the profit and loss supply of Bitcoin is approaching bear market levels, with approximately 11.2 million Bitcoins in profit and 8.2 million in loss, indicating the market may be near the bottom. These figures are similar to those in the previous bear market, suggesting the market is entering an undervalued zone.

金色财经_

2026-04-03 10:32:49

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Golden Finance reports that, on April 3, according to CryptoQuant analyst estimates, the supply of Bitcoin that is currently in profit and loss conditions is gradually approaching typical levels seen during a bear market. At present, about 11.2 million Bitcoins are in a profit state. CryptoQuant analyst “Darkfost” said on Thursday that at the low point of the previous bear market cycle, this figure was about 9 million BTC.
CryptoQuant data also shows that currently about 8.2 million Bitcoins are in a loss state, and Glassnode data confirms that this level has approached the highest point since the end of 2022. “This is very important because, in the previous bear market, this number reached about 10.6 million BTC,” Darkfost said.
As global turmoil intensifies, analysts have been discussing whether Bitcoin could still have further downside this year. On-chain indicators close to the prior cycle’s low point may suggest that the market bottom is approaching. The analyst added: “This indicates that the market is entering a significant undervaluation range, similar to what happened during the previous bear market.”

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