Bitcoin’s weekly realized losses hit $793M as supply in profit stalls at 64%, signaling fragile market structure and weak investor conviction.
The rebound had looked real. It lasted about two weeks.
After spending most of 2025 bleeding through realized losses, Bitcoin investors had quietly started locking in profits again. On-chain data from Darkfost on X showed weekly net realized profit turning positive on April 9. Markets were, for a moment, recovering more than they were losing.
That phase is now over.
🔴 $BTC Rebound Stalls as Weekly Losses reach $793M
Profit still struggles to establish itself sustainably across the market.
⌈💡Contrary to what many may think, a healthy market is one where investors both hold and realize profits, without reaching an extreme of course. In… pic.twitter.com/ZSE2i50oK7
— Darkfost (@Darkfost_Coc) April 27, 2026
Source: Darkfost_Coc
$793 Million in Losses, and Counting
The seven-day moving average for net realized losses now sits at $793 million. Realized profits, by comparison, came in at $571 million for the same period. That is not a rounding error.
Those numbers come directly from Darkfost on X, who tracks Bitcoin’s supply in profit as part of ongoing on-chain analysis. The gap between the two figures points to a market that reversed direction fast.
What makes this harder to explain away is timing. The profit phase started April 9. It ended roughly two weeks later. Whatever conviction existed, it did not last long enough to matter.
Why 64% Is Not the Number Bulls Want
The percentage of Bitcoin supply currently sitting in profit is 64%. That sounds like a majority. It probably is not enough.
According to Darkfost on X, a genuinely healthy market typically shows investors both holding and realizing profits without hitting extremes in either direction. The current reading falls short of that bar. At 64%, the market has not built the kind of base that usually precedes sustained upward movement.
For context, Bitcoin’s supply in profit dropped to 59.5% during one of its sharpest pullback phases this cycle. The current level at 64% is better than that floor. Not by a comfortable margin.
Darkfost described the market as fragile and unstable. Investors appear reluctant, or simply unable, to commit with conviction for the longer term.
Reluctance Has a Cost
That reluctance shows up in the data. The rebound off earlier lows was real price action. The on-chain behavior behind it was not convincing.
After a period of almost uninterrupted loss realization through most of this year, any return to profitability should have held longer if sentiment was actually shifting. It did not. The market moved back into net loss territory within two weeks of flipping positive, per Darkfost’s post on X.
What that looks like, practically, is a group of investors selling into strength rather than holding through it. The upside arrived and they used it to exit. That pattern does not build market structure. It moves money out.
Disclaimer: This article is based on on-chain data and third-party analysis. It does not constitute financial or investment advice.
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