BEARISH 📉 : Bitcoin investors face $889 million loss amid market downturn

Recent data indicates a significant spike in Bitcoin's Realized Loss, reaching $889 million, the highest since November 2022. This suggests that investors have capitulated following a price crash.

  • The Realized Loss metric calculates total losses investors realize through transactions, comparing previous selling prices to current spot prices.
  • The current analysis uses an "entity-adjusted" version, filtering out intra-investor transactions for accuracy.
  • The peak in Realized Loss coincided with Bitcoin's price falling below $70,000, marking a 21% decline over the past week.

Bitcoin Realized Loss

This event mirrors the market conditions seen during the November 2022 crash after the collapse of the FTX exchange.

  • Bitcoin's current price is around $66,700, reflecting the recent downturn.

Bitcoin Price Chart

It remains uncertain if this trend will continue or if investor sentiment will stabilize soon.