Bitcoin’s Price Trap Stops Buyers From Moving Forward

The market is stuck in a cycle where many people hesitate to buy Bitcoin, even when it seems like a good deal. Nearly nine million coins—almost half of all Bitcoin in circulation—are currently trading below the price at which their owners originally bought them. If you look back to a recent dip near $62, 800, the number jumps close to ten million coins that are “underwater. ” This pattern has held for several weeks, showing that the fear of losing money is strong and lasting.Because buyers feel stuck in this loss‑zone, they hold onto their coins instead of selling or buying more. The result is a stalled market: prices struggle to climb because demand keeps pulling back. Even newcomers who might be ready to invest are held back by the same hesitation, creating a broad barrier across all levels of participation. Overall, the data suggests that Bitcoin’s growth is being slowed by a psychological wall built from past losses.