**[Analysis: Over Half of Bitcoin Holdings in Unrealized Loss, Historical Bear Market Bottom Indicator Triggered Again]** BlockBeats News, June 4: Glassnode data shows that as Bitcoin briefly dropped to $61,300, the number of BTC in an unrealized loss state rose to approximately 10.5 million coins, surpassing the 9.8 million coins in a profit state for the first time, accounting for over half of the total circulating supply. This marks the first time in this cycle that the number of losing coins has exceeded the number of profitable coins. Historical data indicates that this metric has only appeared during deep bear market phases in the past and has often corresponded to significant market bottoms. Similar situations occurred during the bear markets of 2015, 2019, 2020, and 2022, though the duration ranged from one month to a year. At the same time, Bitcoin's price touched the 200-week moving average at around $61,300, a level that has consistently served as a critical long-term support during past bear markets. Analysts believe that if BTC breaks below the psychological $60,000 level, the next significant support will be near the realized price of approximately $54,000. Historically, Bitcoin has fallen below the realized price during major bear markets. [Original Link]