Bitcoin currently trades near $71,928 with daily volume of $51.19 billion and 59.07% market dominance. On-chain data indicates the long-term holder loss ratio sits at 29%, which is below historical bottom levels between 44%–53% seen in past cycles. This suggests the asset may still be moving through a bottoming phase, even as it holds above the $70,000 psychological support level.
Bitcoin has climbed back above the $70,000 level after a difficult start to 2026. On-chain data suggests the asset may still be moving through a bottoming phase rather than starting a full upward trend.
The token is up 1.59% over the past 24 hours, trading at the $71,928 level. Its latest daily trading volume has increased significantly to $51.19 billion, pushing its market capitalization to $1.44 trillion.
According to insights provided bySantiment, the latest Bitcoin rally was moderate compared to its overall fall of 20% this year. It can be observed that other traditional financial instruments showed more stable dynamics, with the S&P 500 down only 2% and Gold gaining about 9% in 2026.
One indicator being monitored is the long-term holder supply in loss. This metric calculates the amount of Bitcoin stored in long-term wallets where the current price is below the purchase price.
As crypto analyst Ardi pointed out, previous cycles showed similar figures at market bottoms. For example, in 2015, 53% of long-term holder supply was in loss, while it was 45% in 2018 and 44% in 2022.
The current figure is only 29% and increasing, meaning more long-term holders are experiencing losses. This metric does not confirm the market has already reached its bottom but shows the crypto asset may require additional time to establish a stable foundation.
At the same time, the cryptocurrency remains above the $70,000 support level. The lowest point for Bitcoin was around $63,000 during the overall market decline in early February.
The Crypto Fear and Greed Index, which measures overall market sentiment, stands at 43. This indicates the current market sentiment is neutral.
