{"id":29921,"date":"2026-05-29T15:05:00","date_gmt":"2026-05-29T14:05:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=29921"},"modified":"2026-05-29T15:03:28","modified_gmt":"2026-05-29T14:03:28","slug":"bitcoin-8-33-million-btc-underwater-73k-support","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-8-33-million-btc-underwater-73k-support\/","title":{"rendered":"Bitcoin: 8.33 million BTC underwater \u2014 Can the $73,000 support hold?"},"content":{"rendered":"\n

Bitcoin’s<\/a> correction is hitting millions of holders hard, with a growing number of positions now sitting at an unrealized loss. One alarming figure has emerged from on-chain data: 8.33 million BTC<\/strong> are currently “underwater” \u2014 meaning they were purchased at a price higher than the current market rate.<\/p>\n\n\n\n

The $73,000<\/strong> level \u2014 the former all-time high \u2014 is now turning into a critical line of defense. What the next few sessions decide at this level could redefine the market’s trajectory for weeks to come.<\/p>\n\n\n\n

Here is a breakdown of the on-chain signals, market structure, and scenarios to watch.<\/p>\n\n\n\n

8.33 Million BTC Underwater: What On-Chain Data Reveals<\/h2>\n\n\n\n

According to aggregated on-chain data<\/strong>, 8.33 million BTC<\/strong> were acquired at price levels above the current market rate. This volume represents a significant share of the circulating supply and acts as a key indicator of potential selling pressure<\/strong>. When this figure rises, the probability of capitulation<\/strong> increases mechanically \u2014 holders sitting at a loss eventually giving in to financial pain.<\/p>\n\n\n\n

The NUPL (Net Unrealized Profit\/Loss)<\/a><\/strong> indicator confirms this deterioration in sentiment. The market is gradually sliding toward an anxiety zone \u2014 or even partial capitulation \u2014 following weeks of distribution at elevated levels. Data from CryptoQuant<\/strong> also shows an increase in outflows from long-term wallets, a sign that some LTHs (Long-Term Holders)<\/strong> are trimming their positions rather than holding firm.<\/p>\n\n\n\n

The MVRV (Market Value to Realized Value)<\/strong> ratio is also compressing, signaling that the market price is dangerously approaching the aggregate average cost basis. Historically, these compression phases precede either a full capitulation<\/strong> or a sharp relief rally<\/strong> \u2014 both scenarios remain on the table at this stage.<\/p>\n\n\n\n

$73,000: A Structural Support Under Maximum Pressure<\/h2>\n\n\n\n
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