Over 70% of Active Funds in Bitcoin Are Now at a Loss

Jakarta, Pintu News – Bitcoin price has come under immense pressure again, triggering one of the largest waves of unrealized losses in the current market cycle. With over 70% of active funds stuck in loss positions, the market is showing signs of extreme fear among retail investors.

Sharp Drop from Peak

Bitcoin experienced a sharp decline towards the $80,000 level, dropping nearly 35% from the $126,000 price peak reached in October 2025. This correction has not only had a technical impact, but has also shaken the psychological fundamentals of the market. According to data from Checkonchain, about 71.2% of the network’s realized capitalization is currently below the market price. This means that most investors bought BTC at a higher price than the current price.

Capitalization of Realized and Unrealized Losses

Realized capitalization is a metric that measures the total value of all Bitcoin based on the price at which it was last moved on the network. It reflects the “collective buying price” of the entire active market.

In the current context, the data shows that most coins last changed hands when Bitcoin was trading above $86,500. With the current price below that level, the majority of short-term investors are now at a loss. This signals great psychological pressure and encourages most market participants to sell their assets, even at a loss.

Also Read: 4 Bitcoin Indicators that Triggered the Market Rally Reappear!

Sentiment Indicators Show Capitulation

The significant price drop is also reflected in other on-chain indicators. Data from Glassnode notes that Relative Unrealized Loss jumped to 8.5% of total market capitalization. In a healthy bull market, this figure is usually below 5%. This spike indicates that the market is collectively experiencing large losses, which can be taken as a sign that panic is reaching its peak.

Santiment, a blockchain social media analytics platform, also noted a drastic drop in public sentiment. An analysis of conversations on platforms such as X (Twitter), Reddit, and Telegram shows that many retail investors are starting to capitulate-selling assets in a state of panic. This is often a signal that the market is approaching a turning point, as the greatest selling pressure has already occurred.

What’s Next? Between Risk and Opportunity

The current market condition reflects more than just short-term price volatility. It appears to be part of a market reset or re-screening of the ownership structure, where investors who cannot withstand market pressures (“weak hands”) are starting to exit.

Historically, phases with high levels of unrealized losses and extremely negative market sentiment have often preceded significant price recoveries. However, there is no guarantee that prices will recover soon, as the next direction is still highly dependent on macroeconomic factors, whale movements and global monetary policy.

Also Read: 5 Shocking Facts: This US Congressman Secretly Bought IDR 41 Billion in Bitcoin!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Bitcoin FAQ: November 2025 Correction

Q: What is “Realized Capitalization” in the context of Bitcoin?
A: Realized Capitalization is a metric that calculates the total market value of Bitcoin based on the price at which each coin last moved on the blockchain. It reflects the “collective buying price” of active investors.

Q: Why is the drop in Bitcoin this time considered more significant than before?
A: Because more than 70% of active capital is in loss positions, indicating massive selling pressure and potential short-term investor capitulation. It also reflects the vulnerability of the current market structure.

Q: Could these conditions signal a market recovery?
A: Historically, phases of capitulation and sentiment extremes often precede recovery. However, further confirmation is needed before considering this as a turning point in prices.

Q: How are social sentiment indicators used to read the market?
A: Data from social media such as X, Reddit, and Telegram help gauge the mood of the market. A sharp drop in sentiment is often an indicator that retail investors are in panic mode, which could indicate that the biggest selling pressure has occurred.

Q: What should investors do at this time?
A: Investors are advised to remain calm, not to make decisions based on emotions, and wait for clearer technical and fundamental signals before going on a big buy or sell spree.

Reference:

Godspower Owie. Solana’s Next Major Wave Depends On How The Price Behaves Inside This Support. Accessed November 23, 2025