Addresses in Loss
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- LinearLinear
- LogLog
About this metric
What it measures
Addresses in Loss counts funded Bitcoin addresses whose estimated holding cost is above the current BTC price. Cost is inferred from the prices at which their coins last moved on-chain; each qualifying address counts once, regardless of balance or loss size.
How to read it
A rising count means unrealized losses are spreading across more addresses; a falling count means fewer are underwater, through price recovery, transfers or changing cost bases. The record was about 21.89 million on November 21, 2022, when BTC was about $16,291. The count stood at about 11.38 million on October 17, 2026, above the 6.09 million recorded a year earlier but below that 2022 extreme.
This measures the number of affected addresses, not the BTC or dollars lost. Network growth makes absolute counts across cycles less comparable, and on-chain transfers approximate acquisition cost rather than proving an actual purchase. One investor can control many underwater addresses, and custodial trades may not change on-chain costs.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- Addresses
- Type
- Single value
- Data since
- 2009-01-03
- Latest data
- 2026-10-27
- Data points
- 6,507
FAQ
How are Addresses in Loss different from Supply in Loss?
Addresses in Loss gives one count to each qualifying address. Supply in Loss totals underwater BTC, so a small address and a large custodian have very different weights in the two measures.
Are these realized losses?
No. They are paper losses relative to estimated on-chain costs while balances remain held. The count does not show whether coins have been sold or how large a loss was realized.
When did Bitcoin have the most addresses in loss?
The recorded high is about 21.89 million addresses on November 21, 2022, with BTC near $16,291. That is an absolute-count record, not proof that the largest percentage of holders was underwater.
