Originally published by BlockBeats on November 14, 2026, at 16:51:15 (UTC+8).
CryptoQuant analyst Darkfost said the share of active Bitcoin supply held at a loss had risen above the share held at a profit. The estimate excludes bitcoin that had not moved in more than ten years. On that basis, less than 45% of the measured supply was in profit.
Darkfost noted that, historically, a profit share below 40% has often coincided with a bottom during a market correction. Conversely, when nearly all active supply is in profit, the risk of a downward reversal increases. The analyst suggested gradually building exposure when losses dominate and reducing it when profits become widespread.
The distinction matters: below 45% is not the same as below 40%. This historical pattern does not establish that a bottom has been reached or predict what happens next.