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The price of Bitcoin (BTC) decreased by more than 5% in the last 48 hours and reached the range of $88,000. This heavy selling pressure has caused investors’ realized losses to reach their highest level since the collapse of the FTX exchange in 2022.
According to Glassnod data, the main victims of this slaughter are short-term holders who entered the market at the peak of prices; While long-term holders have been largely unscathed from the storm due to lower buying averages. This volume of realized losses has revived bitter memories of the collapse of the Sam Benkman-Fried empire.
In addition to intranet data, the macroeconomic situation is also affecting the gasoline market. Bitcoin investment funds experienced a third consecutive negative day, recording $196 million outflows in one day. The total monthly output of these funds has now reached an alarming figure of 2.8 billion dollars.
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