Bitcoin Wallets Experience Significant Losses Amid Bearish Sentiment

Bitcoin wallets holding between 100 to 10,000 BTC are experiencing substantial losses, according to Glassnode data. These wallets are realizing over $200 million in daily losses based on a 7-day moving average. According to NS3.AI, the bearish sentiment surrounding Bitcoin has intensified, with Santiment reporting that bearish discussions are at their highest since late February. The ratio of bullish to bearish comments stands at 0.81, indicating a predominance of negative sentiment in the market.