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BEARISH 📉 : Bitcoin short-term holders realize $0.48B daily net losses
Recent on-chain data reveals that Bitcoin short-term holders (STHs) are experiencing significant losses, realizing net losses of $0.48 billion daily.
Key Points
- Bitcoin STH Net Realized Profit/Loss has turned negative, indicating more losses than gains for short-term investors.
- This metric measures profits or losses realized by investors through selling within the last 155 days.
- The metric plunged into deep negative territory after a price downturn post-October high.
- On February 6th, the loss peaked at -$1.24 billion per day, recovering slightly to -$0.48 billion per day.
- The market signals pressure, with STHs continuing to capitulate during volatility.

Additionally, the Bitcoin Coinbase Premium Gap is negative, showing higher selling pressure on Coinbase compared to Binance. This suggests low demand for BTC among US-based and institutional investors.

BTC Price
Bitcoin's price continues to decline, currently trading around $64,000.