PANews February 12 News, according to CoinDesk, Glassnode data shows that during the process of Bitcoin dropping from $70,000 to $60,000 on February 5th, on-chain realized losses reached $3.2 billion, setting a record for the largest single-day loss in Bitcoin history, surpassing the $2.7 billion loss during the 2022 LUNA collapse. This data tracks realized losses after entity adjustments, only counting Bitcoin sold below the purchase price, and filters out transfers within the same entity.
Data analysis platform Checkonchain pointed out that this sell-off aligns with textbook capitulation characteristics: rapid speed, high trading volume, and low-confidence holders exiting en masse. The data shows that the average daily net loss that week exceeded $1.5 billion. Analysts believe that such a large-scale loss is one of the typical signals of a market bottom in a bear market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC breaks through 72000 USDT, 24-hour increase of 1.87%
Gate News report: On March 15, according to certain CEX market data, BTC broke through 72000 USDT, currently trading at 72007.7 USDT, with a 24-hour gain of 1.87%.
GateNews24m ago
Bitcoin Beats Stocks as STRC Signals $776M BTC Buying Potential
Bitcoin (CRYPTO: BTC) edged higher across the week, bucking a cautious, risk-off mood that has dominated broader financial markets amid ongoing geopolitical tensions in the Middle East and regional frictions. By Saturday, BTC had advanced more than 7% over the past week, trading near $70,625,
CryptoBreaking39m ago
BTC breaks through $72,000, intraday gain of 0.75%
Gate News reported that on March 15, BTC price broke through the $72,000 mark, with intraday gains reaching 0.75%.
GateNews46m ago
BTC Breaks Through 72,000 USDT
Gate News bot message, Gate market shows BTC breaking through 72000 USDT, current price 72017.3 USDT.
CryptoRadar47m ago
Most Visited Cryptocurrencies on CoinMarketCap: $BTC, $PI and $XRP Dominate
The essay discusses the top 10 most viewed cryptocurrencies based on CoinMarketCap data, highlighting Bitcoin ($BTC) as the leader, followed by Pi ($PI), XRP ($XRP), and others. It emphasizes the significance of price fluctuations and market capitalization in attracting attention to these cryptocurrencies.
BlockChainReporter1h ago
