BEARISH 📉 : Bitcoin Investors Realize $4.5 Billion Loss Amid Price Slide

Bitcoin holders experienced significant losses as the price fell, with about $4.5 billion in net losses recorded on January 23, according to CryptoQuant.

Realized Losses Spike

Large realized losses indicate many investors are selling coins at lower prices than purchased, signaling frustration and capitulation.
Net Realized Profit and Loss metric shows a negative reading, highlighting a wave of selling.
Larger, long-term holders remain quiet, while smaller and mid-term participants are more active.
This pattern is common during market corrections, suggesting a shift towards caution rather than a broken market.

$4.5 Billion in Realized Loss on Bitcoin
"Highest amount of realized losses in three years." – By @gaah_im

Bitcoin Price Action

Bitcoin traded in the mid-$80,000s, below the $90,000 key level for some investors.
Traders focus on macroeconomic signals such as US Federal Reserve actions and inflation data.
Volatility persists, linked more to broader economic factors than isolated crypto news.
Whale addresses occasionally support local price floors, but trader caution remains high.
Market activity reflects mixed sentiment, with variable spot exchange and ETF flows.

Previous similar loss spikes occurred in March 2023 and November 2022, each followed by consolidation and potential recovery. These patterns suggest that after significant realized losses, the market may stabilize and find a base.