Bitcoin’s renewed crash has pushed realized losses to levels not seen since the 2022 FTX meltdown, raising fears that the market may be entering a deeper capitulation phase as short-term holders dump coins at an accelerating pace. Bitcoin fell as low as $80,500 on Friday before rebounding to around $84,140, bringing the total drawdown from its early-October all-time high of $126,210 to 36%. Realized Losses Hit FTX-Era ExtremesAccording to Glassnode, investors are now realizing losses at a scale comparable to the darkest moments of the 2022 bear market. “The scale and speed of these losses reflect a meaningful washout of marginal demand as recent buyers unwind into the drawdown,”— Glassnode, on XThis metric spiked just minutes before Bitcoin briefly collapsed to $80,500, marking the lowest level since April
source: https://www.binance.com/en/square/post/32723059933978?utm_source=BinanceNewsRSS