Bitcoin Supply in Loss 365-Day SMA Rises From October Low; Price Near $89,000

An analyst in a CryptoQuant Quicktake notes Bitcoin's Supply in Loss has turned upward, with its 365‑day SMA rising after an October cycle low. The metric tracks the share of circulating BTC held at an unrealized loss, a shift that has previously aligned with early bearish phases. Bitcoin is around $89,000, up over 1% in 24 hours.