Bitcoin (CRYPTO: BTC) may be entering an accumulation zone after a rare signal—historically associated with major cycle bottoms—appeared, a prominent analyst argued on Tuesday.
10.5 Million BTC Held At Loss
In an X post on June 30, crypto chart analyst Ali Martinez said 10.45 million BTC are currently being held at a loss, surpassing the 9.60 million BTC still in profit for the first time during the current market cycle.
Similar crossovers have occurred only five times over Bitcoin’s 15-year history: 2011, 2014, 2018, the COVID-induced selloff in 2020, and now in June 2026.
Each previous occurrence eventually preceded the formation of a major market bottom, although the process ranged from a few weeks to several months before a sustained uptrend emerged.
