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Over 8M BTC Sit Underwater as Crypto Capitulation Deepens

2026-06-11 05:54:56

Abstract generation in progress

Glassnode said over 8 million BTC are underwater as the crypto market’s 2026 drawdown weighs on major tokens. CoinGecko data shows Bitcoin, Ethereum, and XRP are down roughly 31%, 46%, and 41% in 2026. Glassnode said Ethereum’s share of supply sitting at more than 3x profit has dropped to 11%.

BTC2.54%

ETH2.36%

XRP0.79%

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