Bitcoin is facing renewed market pressure as the amount of BTC held at a loss has surged sharply following the latest correction. After failing to maintain momentum above recent highs, the market is now watching a series of key cost-basis levels that could determine Bitcoin’s short-term direction. As BTC dropped from approximately $76,600 to $72,900, the amount of Bitcoin supply trading below acquisition cost increased by nearly 580,000 BTC. This pushed the total “underwater” supply from 7.75 million BTC to 8.33 million BTC, signaling that a growing number of recent buyers are now trapped in losing positions. The rapid increase in unrealized losses reflects how aggressively investors accumulated Bitcoin near recent local highs before market momentum weakened. Historically, when a larger portion of holders moves into negative territory, market psychology becomes more fragile, often increasing the likelihood of panic selling and volatility. Rising Underwater Supply Signals Market St...