Bitcoin Sees One of the Largest Realized Loss Events in History
CryptoQuant analyst IT Tech reports that Bitcoin’s 7-day average realized net loss has reached $2.3 billion. This loss ranks among the top three to five largest panic-driven sell-offs ever recorded. It is similar to the sell-offs experienced in 2021 and during the 2022 Luna/FTX period. Bitcoin has fallen nearly 50% from its October high, which was above $126,000. The price recently dipped to $60,000 before bouncing back toward the $66,000 range. Is this capitulation close to a turning point, or could volatility persist in the short term?$BTC #GateSquare$50KRedPacketGiveaway
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin Sees One of the Largest Realized Loss Events in History
CryptoQuant analyst IT Tech reports that Bitcoin’s 7-day average realized net loss has reached $2.3 billion.
This loss ranks among the top three to five largest panic-driven sell-offs ever recorded. It is similar to the sell-offs experienced in 2021 and during the 2022 Luna/FTX period.
Bitcoin has fallen nearly 50% from its October high, which was above $126,000.
The price recently dipped to $60,000 before bouncing back toward the $66,000 range.
Is this capitulation close to a turning point, or could volatility persist in the short term?$BTC #GateSquare$50KRedPacketGiveaway