The biggest realized loss in bitcoin’s history occurred during last week’s market decline, shattering previous records when the asset plummeted from $70,000 to $60,000 on February 5.
According to Glassnode, the unit-adjusted realized loss reached $3.2 billion. This metric tracks exclusively the USD value of moved coins that are sold below their acquisition price, while filtering out internal transfers between the same entity.
This massive capitulation surpassed even the darkest days of 2022, eclipsing the $2.7 billion loss recorded during collapse.
According to data platform Checkonchain, “Last week’s bitcoin selloff meets the criteria for a textbook capitulation event. It happened quickly, with large volumes, and crystallized losses from holders of the lowest judgment.”
With daily net losses in excess of $1.5 billion, the scale of this divestment represents the most significant absolute USD loss ever crystallized in the network’s history. This points to several signs of a bottom in the bear market.
As of press time, bitcoin is trading around $67,600.
