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Bitcoin’s Realized Losses Reach Record Levels as Supply Stays Unchanged
Bitcoin Realized Losses Surge to Bear‑Market Levels While On‑Chain Supply Stays Dormant
By – March 20 2026
A fresh on‑chain analysis from Bitcoin researcher Axel Adler Jr. indicates that the cryptocurrency’s net realized profit‑and‑loss (PnL) metric has plunged into its deepest negative zone in years, yet the movement of coins on the blockchain...

























