Analyst: Average Bitcoin Investor's Unrealized Loss Stands at Around 20%, Market Still in Phase of Periodic Pressure

BlockBeats News, July 4th. Cryptocurrency analyst Darkfost stated on social media that currently, the overall active Bitcoin (BTC) investors are at an average unrealized loss of about 20%. This conclusion is based on the "True Market Price (TMP)" indicator, which excludes long-term unmoved Bitcoin that may be lost or no longer in circulation, providing a more accurate reflection of the cost basis of the current active circulating supply.

The data shows that the current TMP is around $76,700 and has acted as a significant resistance level in recent price action. Historically, during market correction phases, some investors tend to prefer exiting the market without incurring further losses rather than holding, making this price level a key area for short-term supply-demand dynamics.

At the same time, the "Active Value to Investor Value Ratio" is currently around 0.8, in the valuation downtrend range, corresponding to about a 20% unrealized loss. Although this level has been under significant pressure, it has not yet reached the extreme range of 0.5 to 0.6 (about 40%-50% loss) seen in historical bear markets. While the market still exhibits cyclical characteristics, the ongoing inflow of institutional funds and ETFs has not altered the overall cyclical pattern of Bitcoin, and the future trend still requires careful observation.