The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid persistent bearish pressure in the crypto market, Bitcoin supply in unrealized loss hit a new record of 10.83 million BTC, according to Glassnode on-chain data. This represents the highest-ever count of coins held by addresses with an average purchase price above the current spot price. Long-term holders (holding for over 155 days) control roughly 75% of the circulating supply, providing a key support layer despite the unrealized losses.
The record metric underscores the severity of the current Bitcoin correction, but the 75% dominance of long-term holders reflects strong conviction and reduces the likelihood of panic selling. Per market data, Bitcoin trades near $34,980 (close on May 15, 2026), well below its all-time high. Historically, high levels of unrealized loss have coincided with market bottoms, though they do not guarantee an immediate reversal.
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Sign InOn the technical side, near-term resistance stands at $35,390 (the May 15 high), while support holds at $34,750. Traders are watching macro catalysts this week, including a speech by Fed Governor Waller and Canadian inflation data, which could sway risk appetite globally. With no major crypto-specific economic events on the calendar, attention remains on regulatory developments and long-term holder behavior.