Quarter of All Bitcoin Investors Underwater as BTC Price Lags: CrypoQuant
Vastly more BTC purchases are in the red than in January, but holdings are still faring better than during previous crypto crashes.

Amid recent Bitcoin losses and volatility, more than a quarter—26%—of the Bitcoin supply is now “underwater,” meaning it is worth less than what it was purchased for.

This marks a stark reversal of fortunes for investors in recent months, according to data collected by market analysis tool CryptoQuant. On December 15, only 0.015% of the BTC supply was “underwater,” meaning only a very slim percentage of BTC held was without an unrealized gain for investors. As recently as January 18, the percentage of Bitcoin being held at a loss sat at just 1.46%.

But according to CryptoQuant’s data, this percentage has been slowly rising since Jan. 18, as macroeconomic concerns have impacted the prices of crypto assets.