BITCOIN ADDRESSES IN LOSS HIT ALL-TIME HIGH AMID $18K BTC PRICE TARGET

Alexa, play ""Lost"" by Frank Ocean. Alexa, play lost by Frank Ocean, as lost BTC addresses hit an ATH, while $18,000 could be the next target Bitcoin hits.That might be the sentiment echoing through the crypto sphere as Bitcoin addresses in loss hit an all-time high, according to on-chain data from Glassnode.The digital gold has been struggling, with brief wicks dipping below $18,800 and analysts eyeing a potential target around $18,000. Related: Bitcoin indicator that nailed all bottoms predicts $15.6K BTC price floor. According to on-chain monitoring firm Glassnode, the weekly moving average number of unique BTC addresses now at a loss reached a new all-time high of 18.8 million on July 3. As Cointelegraph previouslyThis development paints a grim picture for many Bitcoin holders who bought in at higher prices.The number of unique Bitcoin addresses experiencing unrealized losses has surged to a staggering 18.8 million, marking a new high as of July 3rd. ICYMI: 57% of Dogecoin traders on Binance futures are net long DOGE $DOGE DOGEArmyThis confluence of factors, including lackluster price action and a growing number of underwater investors, raises serious questions about the immediate future of Bitcoin and the overall health of the cryptocurrency market.But is this a harbinger of further declines, or a potential buying opportunity for savvy investors? Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it stuck to $19,000 rigidly for a third day running. The pair had gone light on volatility overall at the weekend, but at the time of writing was still on track for the first weekly close below its prior halving cycle s all-time high since December 2025.Let's delve deeper into the contributing factors, analyze the on-chain data, and explore potential scenarios for Bitcoins price trajectory.

The Price of Bitcoin: Navigating the Current Landscape

Bitcoins recent price action has been anything but inspiring. Bitcoin addresses in loss hit all-time high amid $18K BTC price target ️ ️ More on:For days, the price remained stubbornly glued around the $19,000 mark, exhibiting low volatility and failing to muster any significant upward momentum. Bitcoin meandered into the weekly close on July 3 after weekend trading produced a brief wick below $18,800.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWhile there was a brief surge above $20,000 around Independence Day, this proved to be short-lived.This stagnation has fueled concerns among traders and investors alike, many of whom are now facing substantial losses on their Bitcoin holdings. On the same day, bitcoin's price hit a record high above $111,000, according to CoinDesk data. Still, holders are increasingly locking in gains rather than holding for further upside, according toAdding to the unease is the fact that Bitcoin is currently on track for its first weekly close below its prior halving cycle's all-time high since December 2025.This breach of a key historical level is a significant bearish signal, suggesting that the market is experiencing a fundamental shift in sentiment.

Technical Analysis: Disinterest Until $20,000 Reclaimed

Technical analysis suggests that traders are relatively disinterested in Bitcoin and altcoins until BTC can reclaim $20,000 as a support level. Bitcoin price action has entered a critical juncture as June 2025 unfolds.The world's largest cryptocurrency was trading at around $104,823 on Monday, J, after retreating from recent highs near $112,000.This highlights the psychological importance of this price point. Bitcoin Price Live Bitcoin Investor Tool: 2-Year MA Multiplier Price Forecast Tools 200 Week Moving Average Heatmap The Puell Multiple MVRV Z-Score Stock-to-Flow Model Fear And Greed Index RHODL Ratio Pi Cycle Top Indicator The Golden Ratio Multiplier Bitcoin Profitable Days Net Unrealized Profit/Loss (NUPL) Reserve Risk AASI (Active AddressA sustained break above $20,000 could trigger a wave of buying, potentially reversing the current downtrend. BTC $98,684.85 1.48 % ETH $2,793.44 1.97 % XRP $2.6646 Bitcoin Closes in on All-Time High as Price Hits $18K Bitcoin's price broke through $18,000 in what some experts are attributing toHowever, failure to breach this level could lead to further selling pressure and potentially a deeper correction. Pakistan makes waves in the crypto world with its latest initiative to attract miners by introducing crypto-friendly electricity tariffs. This groundbreakingThe market remains in a ""wait and see"" mode, with traders hesitant to commit until a clearer direction emerges.

Bitcoin Addresses in Loss: A Sea of Red

The most concerning indicator is the unprecedented number of Bitcoin addresses currently sitting in a loss.As highlighted by Glassnode's data, 18.8 million unique addresses are underwater as of July 3rd.This represents a significant portion of the Bitcoin holding community and underscores the depth of the current market downturn.This situation is exacerbated by the fact that many investors likely bought Bitcoin at significantly higher prices during the bull run of 2020 and 2021. Bitcoin (BTC) hovers below $105,000 and above $104,000 at the time of writing on Thursday after the recovery staged earlier this week failed to gain steam, falling short of resistance at $107,000.As the price continues to languish below these levels, the pressure to sell and cut losses increases.

What Does This Mean for the Market?

The sheer volume of addresses in loss has several implications for the Bitcoin market:

• Increased Selling Pressure: As investors reach their pain threshold, they may be forced to sell their Bitcoin, adding to the existing selling pressure.
• Reduced Buying Interest: The negative sentiment surrounding Bitcoin can deter new investors from entering the market, further suppressing demand.
• Potential Capitulation: If the price continues to decline, a capitulation event could occur, where a large number of investors sell their Bitcoin at a loss, potentially marking the bottom of the market.

Understanding the distribution of Bitcoin holders currently at a loss is crucial for gauging the potential impact on the market.Analyzing the age of these holdings can provide valuable insights.Are they primarily short-term holders who bought near the peak, or long-term holders who have weathered previous downturns? James Wynn, a notable trader, faces a $210K loss on his 40x BTC short position as his holdings increase to $377M. (UKR)The answer to this question can help to predict the likelihood of further selling pressure.

The $18,000 Price Target: A Line in the Sand?

Several analysts are eyeing the $18,000 level as a potential target for Bitcoin. James Wynn, a notable trader, faces a $210K loss on his 40x BTC short position as his holdings increase to $377M. (FRA)This price point represents a significant psychological level and could act as a key support zone. The 2025 annual report In Gold We Trust released by gold investment company Incrementum pointed out that Bitcoin could reach 50% of the market value of gold by the end of 2025. If a conservative gold price target of about $4,800 is assumed, the price of Bitcoin needs to rise to about $900,000 to reach 50% of the market value of gold.If Bitcoin breaks below $18,000, it could trigger a further decline, potentially leading to a test of lower support levels.However, if Bitcoin can hold above $18,000, it could signal a potential bottom and pave the way for a future recovery. (Example: if you buy 1 BTC at $10K, your cost basis is $10K. You have a $10K unrealized profit when 1 BTC = $20K. If you buy 1 BTC at $30K, your cost basis is $30K. If you sell at 1 BTC = $20K, you have a $10K realized loss.) Currently, the average holder is at a 9.65% loss, slightly less than during other bear markets.It is important to note that a target of $18,000 is not a certainty.Market conditions can change rapidly, and unforeseen events can impact Bitcoins price trajectory. Maybe we ll get some fireworks after all. Bitcoin rose to clip $20,000 for the first time in five days on July 4 as the Independence Day holiday brought some unexpected gains.It is crucial to conduct your own research and not rely solely on the opinions of others.

Alternative Scenarios: Beyond $18,000

While $18,000 is a key level to watch, it's important to consider alternative scenarios:

• A Bounce from Current Levels: Bitcoin could rebound from its current levels and begin a new uptrend. Related: Bitcoin indicator that nailed all bottoms predicts $15.6K BTC price floor According to on-chain monitoring firm Glassnode, the weekly moving average number of unique BTC addresses now at a loss reached a new all-time high of 18.8 million on July 3.This would likely require a significant catalyst, such as positive regulatory news or increased institutional adoption.
• A Deeper Correction: Bitcoin could continue to decline, potentially testing levels below $18,000.Some analysts have even suggested a potential floor around $15,600, based on historical patterns.

The future of Bitcoin remains uncertain. Related: Bitcoin addresses in loss hit all-time high amid $18K BTC price target The expanded Bitcoin support will also see the development of a local wallet built for BTC and the Lighting Network.It is essential to be prepared for all possible scenarios and to manage your risk accordingly.

On-Chain Analysis: Diving Deeper into the Data

Beyond price charts and technical indicators, on-chain analysis provides valuable insights into the underlying activity of the Bitcoin network. James Wynn, a notable trader, faces a $210K loss on his 40x BTC short position as his holdings increase to $377M. (ITA)Metrics like the number of active addresses, transaction volume, and miner activity can help to paint a more complete picture of the market's health.

Key On-Chain Metrics to Watch

1. Active Addresses: The number of unique addresses participating in Bitcoin transactions can indicate the level of network activity and adoption.
2. Transaction Volume: The total value of Bitcoin transactions can reflect the overall demand for the cryptocurrency.
3. Miner Activity: The behavior of Bitcoin miners, such as their selling pressure or accumulation patterns, can influence the price of Bitcoin.

Analyzing these on-chain metrics, in conjunction with technical analysis, can provide a more comprehensive understanding of the Bitcoin market and help to make more informed investment decisions.Tools like Glassnode and CryptoQuant offer valuable data and insights for on-chain analysis.

External Factors Influencing Bitcoins Price

Bitcoins price is not solely determined by internal factors within the cryptocurrency market. The price of Bitcoin (BTC) hit $19,000 on Nov. 24 for the first time since the historic rally in December 2025. Three key reasons are behind the dominant cryptocurrency s strong momentum. TheExternal forces, such as macroeconomic conditions, regulatory developments, and geopolitical events, can also play a significant role.

Macroeconomic Environment

The current macroeconomic environment, characterized by rising inflation and increasing interest rates, has put downward pressure on risk assets, including Bitcoin. Ross Gerber Says Peter Schiff Still Hasn't Figured Out Bitcoin ⏱ Reading Time: 39 sec. here; 2 min. at publisher Quality Score: News: 19%; Publisher: 63%;As central banks around the world tighten monetary policy to combat inflation, investors are becoming more risk-averse, leading to a sell-off in assets like Bitcoin. Bitcoin price drop causes famous whale James Wynn to lose $97 million on PERP, leaving him with $3.5 million. (ZHO)Changes in inflation rates and interest rate policies directly impact Bitcoins price movements, making it essential to stay updated on these economic indicators.The performance of traditional markets, such as the stock market and bond market, also indirectly affects Bitcoin as investors reallocate capital based on broader economic trends.

Regulatory Landscape

Regulatory developments can have a significant impact on the Bitcoin market.Positive regulatory news, such as the approval of a Bitcoin ETF, can boost investor confidence and drive up prices.Conversely, negative regulatory news, such as bans or restrictions on Bitcoin trading, can trigger sell-offs and depress prices.Pakistan's initiative to attract miners by introducing crypto-friendly electricity tariffs shows how favorable regulations can positively influence the crypto market.Similarly, potential regulations in other countries can create either favorable or unfavorable conditions for Bitcoin adoption. Technical analysis shows traders relatively disinterested in Bitcoin and altcoins until BTC reclaims $20,000 as support.Staying informed about regulatory changes in key jurisdictions is crucial for navigating the Bitcoin market effectively.

Geopolitical Events

Geopolitical events, such as wars, political instability, and economic sanctions, can also influence the price of Bitcoin. BTC price is due a trip to $18,000, one trader says as Bitcoin addresses at a loss top March 2025 highs.In times of uncertainty, investors may turn to Bitcoin as a safe-haven asset, potentially driving up prices. James Wynn elevates his BTC long position to $268 million on HyperLiquid, despite a $3.15 million unrealized loss. (ZHO)However, geopolitical events can also disrupt the Bitcoin market, causing volatility and uncertainty. The price of Bitcoin (BTC) is $93,825.31 today as of, EDT, with a 24-hour trading volume of $9.55B.For instance, conflicts between major economies, new trade policies, and international sanctions can create turbulence in the financial markets, impacting Bitcoins price. James Wynn, a notable trader, faces a $210K loss on his 40x BTC short position as his holdings increase to $377M. (POR)Therefore, it's important to monitor geopolitical developments and assess their potential impact on Bitcoin.

Bitcoin Investor Tool: Assessing Market Cycles

Several tools are available to Bitcoin investors to assess market cycles and make informed decisions.These tools use historical data and technical indicators to identify potential buying and selling opportunities.

Popular Bitcoin Investor Tools

• 2-Year MA Multiplier: This tool uses the 2-year moving average to identify potential overbought and oversold conditions.
• 200 Week Moving Average: The 200-week moving average is a long-term trend indicator that can help to identify potential support and resistance levels.
• The Puell Multiple: This tool compares the daily Bitcoin issuance to its 365-day moving average, providing insights into miner profitability and potential market bottoms.
• MVRV Z-Score: This tool compares the market value to the realized value of Bitcoin, helping to identify potential overvalued and undervalued conditions.
• Stock-to-Flow Model: This model uses the scarcity of Bitcoin to predict its future price.
• Fear and Greed Index: This index measures market sentiment, ranging from extreme fear to extreme greed, and can help to identify potential market turning points.

These are just a few of the many tools available to Bitcoin investors.It is important to research and understand these tools before using them to make investment decisions. Bitcoin (BTC) meandered into the weekly close on July 3 after weekend trading produced a brief wick below $18,800. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView. Data fromRemember that no tool is perfect, and past performance is not necessarily indicative of future results.

The Long-Term Outlook for Bitcoin

Despite the current challenges, many remain optimistic about the long-term outlook for Bitcoin.They believe that Bitcoins limited supply, decentralized nature, and increasing adoption will drive its price higher in the future.The 2025 annual report by Incrementum suggests that Bitcoin could reach 50% of the market value of gold by the end of 2025, potentially reaching a price of around $900,000 if gold reaches $4,800.This bullish scenario hinges on the continued adoption of Bitcoin as a store of value and its ability to compete with gold as a safe-haven asset. Crypto trader James Wynn lost $99M in Bitcoin bets as BTC prices dipped, resulting in massive liquidations and highlighting the volatile nature of cryptocurrency trading.While this is an optimistic prediction, it highlights the potential for significant long-term growth.

Potential Catalysts for Future Growth

Several factors could contribute to Bitcoins future growth:

• Increased Institutional Adoption: As more institutions allocate capital to Bitcoin, demand for the cryptocurrency will increase, potentially driving up prices.
• Mainstream Adoption: As Bitcoin becomes more widely accepted as a means of payment, its utility and value will increase.
• Regulatory Clarity: Clear and consistent regulations will provide more certainty to the market, encouraging greater participation and investment.

The long-term success of Bitcoin depends on its ability to overcome current challenges and capitalize on these potential catalysts.While short-term price fluctuations are inevitable, the underlying fundamentals of Bitcoin remain strong.

What Should Bitcoin Investors Do Now?

Given the current market conditions, Bitcoin investors should exercise caution and adopt a prudent approach.Here are some actionable steps to consider:

Practical Advice for Bitcoin Investors

1. Do Your Own Research (DYOR): Don't rely solely on the opinions of others.Conduct your own research and understand the risks involved before making any investment decisions.
2. Manage Your Risk: Only invest what you can afford to lose.Bitcoin is a volatile asset, and there is a risk of losing your entire investment.
3. Diversify Your Portfolio: Don't put all your eggs in one basket.Diversify your portfolio across different asset classes to reduce your overall risk.
4. Consider Dollar-Cost Averaging (DCA): Dollar-cost averaging involves investing a fixed amount of money at regular intervals, regardless of the price.This can help to smooth out volatility and reduce the risk of buying at the top.
5. Stay Informed: Stay up-to-date on the latest news and developments in the Bitcoin market.Knowledge is power, and informed investors are better equipped to make sound decisions.

Remember that investing in Bitcoin is inherently risky.There are no guarantees of profit, and you could lose money.However, by following these tips, you can increase your chances of success.

Conclusion: Navigating the Bitcoin Bear Market

The current state of Bitcoin, with addresses in loss hitting all-time highs and a potential $18K price target looming, presents a challenging landscape for investors.The unprecedented number of underwater addresses, coupled with external economic pressures and regulatory uncertainties, casts a shadow over the short-term outlook.However, it is crucial to remember that Bitcoin has weathered numerous storms in the past and emerged stronger.While short-term price fluctuations are inevitable, the long-term potential of Bitcoin remains intact, driven by its decentralized nature, limited supply, and growing adoption.Investors should remain informed, manage their risk, and focus on the long-term value proposition of Bitcoin.This is a time for careful evaluation, strategic planning, and resilience.Whether Bitcoin dips to $18K or finds support at current levels, the key is to navigate the market with knowledge and a long-term perspective. Bitcoins future hinges on its ability to overcome current challenges and capitalize on the potential catalysts for future growth. So, while ""Lost"" might be the song of the moment for many, the Bitcoin story is far from over.