Roughly Half of Bitcoin Supply Underwater -- Market Talk

Dow Jones06-17 01:04

1304 ET - Approximately half of the 20 million circulating bitcoin is unprofitable, says Cex.io in a note. Even with bitcoin stabilizing around the low-$60k area, roughly 10 million bitcoin market-wide is still worth less than when it was originally minted or purchased. "The underlying picture has not healed and half of Bitcoin supply is still sitting at losses," says the firm, adding that even with this in mind, bitcoin may not have found its lowest price levels. The amount of bitcoin with unrealized losses echoes conditions seen in 2018 and 2022, both major bear markets, Cex.io says. But the firm also notes that the outflow of money from bitcoin ETFs has slowed down significantly. Bitcoin is down 1.1% to $65,724. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

June 16, 2026 13:04 ET (17:04 GMT)

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The amount of bitcoin with unrealized losses echoes conditions seen in 2018 and 2022, both major bear markets, Cex.io says. But the firm also notes that the outflow of money from bitcoin ETFs has slowed down significantly. Bitcoin is down 1.1% to $65,724. 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Even with bitcoin stabilizing around the low-$60k area, roughly 10 million bitcoin market-wide is still worth less than when it was originally minted or purchased. \"The underlying picture has not healed and half of Bitcoin supply is still sitting at losses,\" says the firm, adding that even with this in mind, bitcoin may not have found its lowest price levels. The amount of bitcoin with unrealized losses echoes conditions seen in 2018 and 2022, both major bear markets, Cex.io says. But the firm also notes that the outflow of money from bitcoin ETFs has slowed down significantly. Bitcoin is down 1.1% to $65,724. (kirk.maltais@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 16, 2026 13:04 ET (17:04 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTCL","symbol_name":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2644761396","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2644761396","pubTimestamp":1781629440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1304 ET - Approximately half of the 20 million circulating bitcoin is unprofitable, says Cex.io in a note. 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Even with bitcoin stabilizing around the low-$60k area, roughly 10 million bitcoin market-wide is still worth less than when it was originally minted or purchased. \"The underlying picture has not healed and half of Bitcoin supply is still sitting at losses,\" says the firm, adding that even with this in mind, bitcoin may not have found its lowest price levels. The amount of bitcoin with unrealized losses echoes conditions seen in 2018 and 2022, both major bear markets, Cex.io says. But the firm also notes that the outflow of money from bitcoin ETFs has slowed down significantly. Bitcoin is down 1.1% to $65,724. (kirk.maltais@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 16, 2026 13:04 ET (17:04 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2644761396","isCrawlerRequest":true}