Craziest chart in Bitcoin: look at the aggressiveness of the time to long term holder supply being in loss in 2026 versus other bear markets. 7.5 million Bitcoin are underwater right now. Long-term holders, sitting in the red on a record number of coins. Here's the part your financial advisor won't mention... this is what the bottom looks like. Every time. 2015, 2018, 2022 - each cycle low was carved at the exact moment a third of the entire supply went into loss and the people who bought the top finally gave up believing. The metric spikes because the marginal seller is running out of coins to sell. It's the sound of weak hands quietly transferring their Bitcoin to patient ones, right on schedule, for the fourth time. We're sitting at 37% of supply in loss - the same neighborhood that ended every prior bear market.