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
BTC-0.86%
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Escaperwinvip
· 2h ago
Cool
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