Glassnode data: Bitcoin's floating loss supply exceeds floating profit supply for the first time

According to Glassnode data, the total amount of Bitcoin holdings currently in a loss making state is 10.83 million, while the total amount of holdings in a profitable state is 9.22 million. This is the first time in this market cycle that the supply of floating losses has exceeded the supply of floating profits. Similar situations occurred in 2018 and 2022 in history, followed by the market entering a consolidation phase.