Bitcoin Falls 44% From January Peak as Glassnode Shows More BTC Held at a Loss

Glassnode data shows roughly 10.83 million BTC are held at a loss, compared with 9.22 million BTC still in profit, marking the first crossover of the current cycle. According to NS3.AI, Bitcoin traded at $61,361 on Thursday, about 44% below its January peak. The figures indicate that a larger share of the circulating supply is now underwater than in profit, a shift that Glassnode describes as the first such crossover in the current cycle.