What it shows
Supply in loss is the share of circulating BTC that sits at a loss at the current price. A coin sits at a loss when its last on-chain move happened at a higher price than today’s. The metric is a percentage between 0 and 100. It mirrors the supply in profit metric. The line is plotted over time next to the BTC price. A text label shows which range the latest value is in. The app uses cut-offs at 10%, 25% and 50%. Each cut-off splits the chart into a named reading range.
- Percent in loss line
- Range label
- BTC price overlay
How to read it
Read the latest percentage and note its range. A value of 50% or more means most of the supply sits at a loss. A value under 10% means very few coins sit at a loss. High readings appeared near price lows in past cycles, and low readings appeared near price highs. A high reading can last for many weeks. Check the supply in profit page to see the same split from the other side. A single reading is not a forecast.
- Read the latest percentage and note its range.
- Find periods when the share stayed above 50%.
- Compare the line with the BTC price and the supply in profit page.
What to keep in mind
Each coin is valued at the price of its last on-chain move. This is not its real purchase price. Coins bought on an exchange may never have moved on-chain. Lost coins remain in the count. The app may estimate some earlier dates from price percentiles because measured data is missing there. The 10%, 25% and 50% cut-offs are fixed by the app.
A missing value is not zero. Check the source and time under each data block before you compare numbers.
Questions
What does supply in loss mean?
It is the percentage of BTC supply that is at a loss at the current price. A coin is at a loss when the price of its last on-chain move was above today’s price. The metric describes the whole supply, not single holders.
What is the difference between supply in loss and supply in profit?
They split the supply by the same rule from opposite sides. Supply in profit counts coins whose last-move price was lower than today’s. Supply in loss counts coins whose last-move price was higher. Coins at the exact same price are rare.
What does a high supply in loss mean?
It means a large share of coins last moved at prices above the current price. The app marks 50% and above as its highest range. Past market lows have appeared in this range, but a high reading does not confirm a low.