Total Supply in Loss
How many bitcoins are worth less today than the price they last changed hands at — coins sitting at a loss.
Every coin carries the price it last moved at. This adds up all the coins whose last-moved price is **above** today's price, so whoever holds them is underwater.
It spikes during crashes, when a large share of coins are held at a loss — those spikes have lined up with past cycle bottoms — and sits near zero in strong rallies. For example, 5 million ₿ at a loss out of about 20 million means about a quarter of all coins are underwater.
In words: add up every bitcoin whose last-moved price sits **above** today's price — the same as all coins in circulation minus the coins in profit.
It counts **coins**, not people: one wallet holding many coins weighs more than many wallets holding a few. Our node sorts coins into price steps about 5% wide, so on a day the price crosses a crowded step the count can jump a lot at once.
Safu's own Bitcoin node, recomputed daily from the full chain.
Safu's own Bitcoin node · 1 point/day
- Total Supply
- Coin Days Destroyed (CDD)
- Bitcoin Ancient Supply (10y+)
- Bitcoin Ancient Supply Growth (10y+)
- Bitcoin Ancient Supply Decrease (10y+)
- Bitcoin Ancient Supply vs Daily Issuance (10y+)
- STH / LTH Supply Ratio
- Average Dormancy
- HODL Waves
- Long-Term Holder Supply
- Short-Term Holder Supply
- Total Supply in Profit