In April, Bitcoin (BTC) saw a move beyond $90,000, spurred by notable inflows primarily from retail trading. Recently, it approached the $97,000 mark. However, it has faced difficulties holding onto this level despite the recent upward price action. Understanding how much of Bitcoin’s current supply is being held at a loss provides insight into market stability and investor sentiment. This analysis becomes crucial for traders seeking to gauge the market’s health and potential for future growth. As trading behavior changes, remaining aware of these factors will guide strategic decisions within the crypto space.