[Data: Over 7.8 Million BTC in Unrealized Loss] According to a report by Jinse Finance on May 18, glassnode data shows that with the current Bitcoin price around $76,700, there are still over 7.8 million BTC in an unrealized loss state. glassnode pointed out that the excess supply from buyers near the cycle peak remains significant, and the market needs to fully absorb this selling pressure to establish a structurally sustainable upward trend.