BTC realized losses reach FTX crash levels
Realized losses on Bitcoin have risen to levels last seen during the FTX crash, according to Glassnode. The majority of the capitulation has been driven by short-term holders.
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The increase in realized losses signals intensive asset selling, indicating growing pressure from short-term traders. This suggests potential volatility in the cryptocurrency market in the near term.
The future dynamics will depend on long-term holders' sentiment and overall market conditions, but such loss levels often precede significant price fluctuations.
