Key Takeaways
- • Bitcoin's share of supply in profit fell to 60.6% as of November 8, 2026, down from 62.9% a week earlier, indicating a growing share of holders are sitting on unrealized losses.
- • U.S. spot Bitcoin ETFs recorded net outflows of $1.28 billion during the week of November 2-6, 2026.
- • Bitcoin futures open interest slipped from $37.4 billion to $37.0 billion over the same period, signaling reduced leveraged positioning.
- • Short-term holders, who bought within the last 155 days, were carrying small unrealized losses as of November 4, with most of their coins below purchase prices.
- • Pluang's November 11, 2026 snapshot showed only 9 of 50 major cryptocurrencies rising, with CRV down 3.50% and DOGE down 3.47%.
Summary
Bitcoin's share of supply in profit declined to 60.6% by November 8, 2026, down from 62.9% the prior week, according to on-chain data cited by Pluang. The shift indicates that a larger proportion of holders are now holding coins bought above current prices, a condition that typically reflects weakening conviction among recent buyers.
Short-term holders, defined as investors who acquired coins within the last 155 days, experienced small unrealized losses as of November 4, as most of the coins they hold were trading below their purchase prices. The data points to pressure concentrated among newer market participants rather than long-term holders.
Flows and derivatives activity reinforced the cautious picture. U.S. spot Bitcoin ETFs saw net outflows totaling $1.28 billion during the week of November 2-6. Bitcoin futures open interest declined slightly, from $37.4 billion to $37.0 billion, indicating reduced leveraged exposure across the market.
Pluang's market snapshot as of November 11, 2026 at 14:02 WIB showed broad weakness across major digital assets. Of the 50 largest cryptocurrencies it tracks, only 9 advanced while 40 declined. CRV fell 3.50% to Rp4.491 with 87% of orders on the sell side, DOGE dropped 3.47% to Rp1.223 despite 75% buy orders, and DOT slipped 3.34% to Rp15.096 with a near-even split in order activity.
Taken together, the on-chain, ETF and futures data suggest cautious investor sentiment and potential near-term weakness in Bitcoin demand, though the source characterizes these as trends rather than definitive signals.
Short-term holders, defined as investors who acquired coins within the last 155 days, experienced small unrealized losses as of November 4, as most of the coins they hold were trading below their purchase prices. The data points to pressure concentrated among newer market participants rather than long-term holders.
Flows and derivatives activity reinforced the cautious picture. U.S. spot Bitcoin ETFs saw net outflows totaling $1.28 billion during the week of November 2-6. Bitcoin futures open interest declined slightly, from $37.4 billion to $37.0 billion, indicating reduced leveraged exposure across the market.
Pluang's market snapshot as of November 11, 2026 at 14:02 WIB showed broad weakness across major digital assets. Of the 50 largest cryptocurrencies it tracks, only 9 advanced while 40 declined. CRV fell 3.50% to Rp4.491 with 87% of orders on the sell side, DOGE dropped 3.47% to Rp1.223 despite 75% buy orders, and DOT slipped 3.34% to Rp15.096 with a near-even split in order activity.
Taken together, the on-chain, ETF and futures data suggest cautious investor sentiment and potential near-term weakness in Bitcoin demand, though the source characterizes these as trends rather than definitive signals.
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