Bitcoin signals potential seller exhaustion as realized losses decline
On-chain data points to easing selling pressure, with realized losses falling and spot markets shifting toward net buying.
By James Van Straten|Edited by Stephen Alpher Apr 11, 2026, 6:00 p.m. Make preferred on
What to know:
- Realized losses on bitcoin have dropped to around $400 million per day from peaks of $2 billion, suggesting diminishing forced selling.
- The profit-to-loss ratio has risen to 1.4, indicating that realized profits now outweigh losses as market conditions improve
Bitcoin may be entering a phase of seller exhaustion. After bottoming near $60,000 on Feb. 5, the asset has spent more than two months consolidating, gradually grinding higher toward the $70,000 level. This came alongside macro uncertainty with the Middle East conflict pushing oil prices well above $100 a barrel.
Data from CheckonChain suggests that selling pressure is beginning to ease. Realized losses are currently around $400 million per day, still elevated compared to previous years, but trending lower in recent weeks.
Realized losses had spiked to as much as $2 billion on Nov. 21 and Feb. 5, reaching levels not seen in several years and surpassing those seen during the 2022 bear market, according to the data.
"Spot markets are shifting from aggressive selling to net buy side pressure, realized profits and losses are both declining," said CheckonChain.
Glassnode data reinforces this trend. On a seven-day moving average, realized profits are around $300 million per day, near twelve-month lows. This suggests that investors who accumulated bitcoin at $60,000 are now marginally in profit and beginning to take some gains.
Meanwhile, the realized profit-to-loss ratio has risen to 1.4, its highest level since January, according to Glassnode data. This metric, which compares the value of coins moved at a profit to those moved at a loss, shows that realized profits now outweigh losses.
These indicators point toward a market where selling pressure is fading, raising the likelihood that bitcoin is approaching a phase of seller exhaustion.
Bitcoin NewsMore For You
Encryption Supremacy: Zcash and Privacy in the Age of Scale
By CoinDesk ResearchMar 31, 2026
Commissioned byGenZcash
Most crypto privacy models weaken as blockchain data grows. Encryption-based models like Zcash strengthen. CoinDesk Research maps the five privacy approaches and examines the widening gap.
Why it matters:
As blockchain adoption scales, the metadata available to machine learning models scales with it. Obfuscation-based privacy approaches are structurally degrading as a result. This report provides a comprehensive comparison of all five major crypto privacy architectures and a framework for evaluating which models remain durable as AI capabilities improve.
View Full ReportMore For You
The crypto honeymoon is over for now as analysts warn of a major first-quarter profit squeeze
By Helene Braun, AI Boost|Edited by Nikhilesh De2 hours ago
Several major investment firms have preemptively downgraded Coinbase and other platforms as a sharp drop in trading activity and falling token prices threaten to derail upcoming first-quarter earnings results.
What to know:
- Wall Street analysts are cutting forecasts for Coinbase and other crypto firms as trading volumes and token prices slump to their weakest levels since late 2023.
- Barclays downgraded Coinbase and now expects significantly lower profitability, while Oppenheimer trimmed its volume and revenue estimates but remains relatively more optimistic.
- Pockets of...
The crypto honeymoon is over for now as analysts warn of a major first-quarter profit squeeze
2 hours ago
$1.6 billion Ether Machine SPAC deal collapses over unfavorable market
2 hours ago
Bitcoin, broader market flat as U.S.-Iran negotiations begin
2 hours ago
Iran war oil-price shock revives inflation trade and a new stablecoin play
3 hours ago
Crypto perpetuals predict the direction of Wall Street’s Monday open with 89% accuracy, data shows
4 hours ago
Crypto Clarity bill has 30% chance of passing this year, Wintermute’s Hammond says
5 hours agoTop Stories
Bhutan has sold 70% of its bitcoin in 18 months. It may have stopped BTC mining too.
16 hours ago
Federal judge blocks Arizona from bringing criminal charges against Kalshi
19 hours ago
Trump-backed WLFI token drops 12% to record lows after team defends multi-million lending position
Apr 10, 2026
Bitwise files updated S-1 for Hyperliquid ETF as HYPE fund race heats up
5 hours ago
Star Xu calls CZ a ‘liar’ as founders of world’s largest crypto exchanges argue over past allegations
Apr 10, 2026
