{"id":7967,"date":"2026-03-31T07:52:48","date_gmt":"2026-03-31T07:52:48","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=7967"},"modified":"2026-03-31T07:52:48","modified_gmt":"2026-03-31T07:52:48","slug":"bitcoin-stress-spikes-as-nearly-half-of-supply-falls-into-loss","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=7967","title":{"rendered":"Bitcoin Stress Spikes as Nearly Half of Supply Falls Into Loss"},"content":{"rendered":"

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  • About 47% of all Bitcoin in existence is currently held at an unrealised loss, with US$304 billion of long-term holder supply underwater, the worst reading since 2023.<\/span><\/li>\n
  • The Bitcoin Impact Index jumped 13 points in a single week to reach 57.4, its steepest weekly surge since January 2026, entering the \u201cHigh Impact\u201d band that has historically preceded price drops exceeding 25%.<\/span><\/li>\n
  • Stablecoin netflows reversed sharply from a positive daily average of US$250 million to a negative US$292 million.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    CEX.io\u2019s Bitcoin Impact Index entered its \u201cHigh Impact\u201d range in Week 13, with a reading of 57.4, as Bitcoin (BTC) closed Monday at US$66,567 (AU$96,522) after a seven-day decline that erased roughly six weeks of recovery.<\/p>\n

    The index aggregates on-chain stress signals across holder behaviour, derivatives activity and capital flows. CEX.io defines readings between 50 and 74 as broad market stress affecting multiple investor groups and institutional flows.<\/p>\n

    One of the clearest stress signals came from long-term holders. Their SOPR, which measures whether coins are being sold at a profit or loss, fell to 0.724, the lowest level in three years.\u00a0<\/p>\n

    More than 4.6 million BTC held by long-term investors are now at unrealised losses, equal to over 30% of total long-term holder supply, the highest share since 2023. The value of those underwater positions stands at US$304 billion (AU$440.8 billion).<\/p>\n

    Read more: US Crypto Czar Steps Down, Transitions to Broader Advisory Role<\/strong><\/p>\n

    Long-Term Holders Break<\/h2>\n

    The average long-term holder cost basis remains near US$43,000 to US$44,000 (AU$62,350 to AU$63,800), below the current market price, so the cohort overall remains in profit. The coins now being sold, however, are being exited at a loss.<\/p>\n

    Short-term holder cost basis is near US$84,000 (AU$121,800), and on-chain data indicates about 92% of recent buyers are below breakeven.\u00a0<\/p>\n

    In derivatives markets, funding rates moved back toward neutral, but total liquidations still reached US$288 million (AU$417.6 million) for the week, nearly triple the previous week\u2019s figure.\u00a0<\/p>\n

    Long positions accounted for 61% of forced closures.<\/p>\n

    Stablecoin netflows shifted from an average daily inflow of US$250 million (AU$362.5 million) to an average daily outflow of US$292 million (AU$423.4 million). ETF flows also turned negative, and miners resumed selling after three weeks of holding.\u00a0<\/p>\n

    About 20,900 BTC per day is moving to exchanges, a relatively low figure that indicates stress without broad capitulation. CEX.io identified similar Bitcoin Impact Index readings in mid-2018, mid-2022 and late January 2026.\u00a0<\/p>\n

    Related: JPMorgan Says Bitcoin Holds Strong While Gold And Silver Lose Their Shine<\/strong><\/p>\n<\/p><\/div>\n

    Bitcoin,Stablecoins#Bitcoin #Stress #Spikes #Supply #Falls #Loss1774943568<\/p>\n","protected":false},"excerpt":{"rendered":"

    About 47% of all Bitcoin in existence is currently held at an unrealised loss, with US$304 billion of long-term holder supply underwater, the worst reading since 2023. The Bitcoin Impact Index jumped 13 points in a single week to reach 57.4, its steepest weekly surge since January 2026, entering the \u201cHigh Impact\u201d band that has<\/p>\n","protected":false},"author":1,"featured_media":7968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[91,1805,2388,2185,678,505],"class_list":{"0":"post-7967","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-bitcoin","9":"tag-falls","10":"tag-loss","11":"tag-spikes","12":"tag-stress","13":"tag-supply"},"yoast_head":"\nBitcoin Stress Spikes as Nearly Half of Supply Falls Into Loss - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=7967\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Stress Spikes as Nearly Half of Supply Falls Into Loss\" \/>\n<meta property=\"og:description\" content=\"About 47% of all Bitcoin in existence is currently held at an unrealised loss, with US$304 billion of long-term holder supply underwater, the worst reading since 2023. 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