"5 Million Lost in Bitcoin Increases Probability of Historical Dip"

In Bitcoin (BTC), the threshold of coins held at a loss exceeding 5 million has been breached again, historically marking significant price dip zones. According to the latest data shared by a CryptoQuant analyst, a critical threshold has been observed in the Bitcoin market, with the amount of Bitcoin held at a loss exceeding 5 million. This level overlaps with previous cycles when the price hit its lows, drawing the attention of investors.

Based on the latest data, on November 5, 2025, the price of Bitcoin was at $98,966, while the number of Bitcoins held at a loss was 5,639,000. This situation resembles the scenario seen on April 7, 2025, when the price had fallen to $74,508 and 5,159,000 Bitcoins were in a state of loss. According to the CryptoQuant analyst, the volume of coins in the negative region has historically been a strong indicator of turning points.

There is curiosity about whether the dip signal is strengthening. The CryptoQuant analyst reminded that a similar structure appeared in mid-2024, and the areas marked as 3, 4, and 5 on the chart were price dip points during those periods. This pattern suggests that current values may also carry similar potential. Historically, reaching these levels of coins held at a loss coincides with periods when sellers become exhausted and the market enters a dip formation process.

According to the analyst, the increase in the number of coins held at a loss in Bitcoin may indicate a period where selling pressure has weakened and exhaustion is occurring on the sell side. This situation often creates a favorable ground for a price reversal. However, the CryptoQuant analyst emphasized that this data alone does not serve as an investment signal but has yielded very effective results in the past. Bitcoin’s re-entering the region of coins held at a loss above 5 million presents a noteworthy intersection when looking at historical cycles. If the pattern from previous cycles repeats, it would not be surprising to see the market enter a new recovery process.