Bitcoin Realized Losses na $174B: Di Bottom Fit Need More Months
CryptoQuant data dey show say Bitcoin realized losses don reach about $174B since October peak. “Realized loss” na di amount for US dollars wen BTC move on-chain for lower price than before transfer.
For 2022 bear market, Bitcoin realized losses reach around $211B. This time, even tho market cap in US dollars higher, the current figure still dey behind 2022 level. Analyst Darkfost talk say another liquidation wave fit show, mean say the bear-cycle bottom fit still take some more months.
Market participation split. Retail dey buy steady during pullbacks, while mid-sized and institutional players dey sell during short-term recoveries. That mismatch fit reduce chance for clean capitulation, so the recent lows no fully confirmed as final bottom.
For traders, main takeaway na continued downside risk plus active retail bid, with Bitcoin realized losses still never reach prior-cycle levels.
Bearish
Di news dey bearish for BTC price because Bitcoin realised losses never reach the 2022 bear-market benchmark (about $211B). For past cycles, true bottom often happen when another wave of loss-making exits occur. The latest data con show say capitulation fit delay: retail demand dey absorb sell pressure during dips, while institutions and big holders dey sell into recoveries. That split behaviour fit prevent one single, decisive capitulation moment, keeping downside risk high for short to medium term. Long term, if the promised liquidation wave finally push realised losses pass previous levels, e fit increase the chances of a more durable bottom; but the article’s near-term framing remain cautionary.