195 billion dollars burned. 🔴
That's how much Bitcoin investors have already capitulated on realized losses in this bear market, with a rising trend.
👉 The record is still held by the 2023 bear market with over $210B.
👉 Each cycle tops the previous one, logically, because Bitcoin's market cap also grows.
👉 The $200B mark is just one sell-off away.
Capitulation is painful, but historically often the bottom, not the end.
A new record in this cycle? 📊
Bridged BTC (NEAR Intents) BTC Price History USD
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🔴 Realized losses during this bear market keep piling up as some choose to capitulate.
These losses are now approaching the $200B mark, with more than $195B currently realized.
—> Every bear market has seen realized loss amounts increase each time, which makes sense since Bitcoin’s market cap has also grown.
But for now the 2023 bear market still holds the record, with more than $210B in realized losses.
In my view, this bear market will end up setting a new record for realized losses.
$BTC update
No change for $BTC; the levels remain the same as ever – they’re worth keeping an eye on, but there’s no interest in the middle
The triggers are clear https://t.co/cwDk6g3rnq
Net buying of $BTC in the spot market is increasing again. https://t.co/ZproW19eYf
The decline in $BTC is occurring due to selling in the spot market.
There is little downward pressure in the futures market. https://t.co/H21T2DQIv1
Price Prediction
When is a good time to buy BTC? Should I buy or sell BTC now?
Beacon Prediction
Probabilistic Price Forecast (Next 24 Hours)This prediction is an experimental technical product and is provided for reference purposes only. It does not constitute investment advice. Unexpected real-world events may significantly impact market behavior. Traders should make decisions with caution.
How Many Bitcoins Are There?
How Much Is Bitcoin Today?
What Is Bitcoin Mining?
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.
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