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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.

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.

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