Bitcoin price at tipping point: 11.2 million BTC in profit versus 8.2 million in loss

The Bitcoin price is at $64.000 and is at a critical level. A chart from CryptoQuant shows how the ratio between Bitcoin in profit and Bitcoin in loss is currently evolving. Analyst Darkfost shares the data and states that the market is approaching a balance point that historically says a lot about the future direction.

Bitcoin is available at OKX and Bybit.

11.2 million BTC in profit, 8.2 million in loss

At this moment, approximately 11.2 million BTC holds a profitable position, while 8.2 million BTC is in loss. That sounds like a healthy surplus on the profit side, but the situation is more fragile than it appears. As soon as the price drops towards $60.000, that balance quickly shifts the other way.

This was also evident in June of this year. When the Bitcoin price was around $60.000, more than 10.6 million BTC had a loss-making position, compared to only 8.5 million BTC in profit. According to Darkfost, this is similar to the correction trough during the last bear market, a level that the market is now hitting again.

The $60.000 level is of great importance

The analyst indicates that the supply in profit and loss is now reaching a point where the balance is trying to find itself. That makes the $60.000 level particularly important. It acts as a kind of threshold below which loss takes over and market sentiment can deteriorate significantly.

Additionally, Darkfost points out a striking detail: if you look not at the number of coins but at the invested capital, the loss is currently at a record high. That means that although the number of loss-making coins is comparable to previous periods, the total amount in the red has never been so large. This says a lot about the scale of investments that have come in at higher price levels in recent years.