UNREALIZED LOSSES AT $67K ARE NOW ~19% OF $BTC MARKET CAP

That’s the same stress zone last seen in May 2022.

At $67,000, nearly one-fifth of Bitcoin’s market cap is sitting in unrealized loss. That means a massive portion of holders are underwater. Pressure is building beneath the surface.

Historically, when unrealized losses push toward the 18–20% range, the market enters a high-tension phase. Weak hands feel the heat. Longs get nervous. Liquidity thins.

This is where volatility expands.

This is where forced moves begin.

This is where structure breaks or reverses violently.

The market rarely stays compressed at these pain thresholds.

Capitulation or ignition.

Distribution or reversal.

One thing is certain.

Silence at this level never lasts.