The post Bitcoin Dip Below $80K Triggers $685 Million in Realized Losses, What’s Next? appeared on BitcoinEthereumNews.com.

The Bitcoin dip below $80K today led to $685 million in realized losses, with recent buyers seeing over $2.16 billion in losses over the past three days. Bitcoin’s price has touched $78K today, with a 17.3% loss over the last seven days and a nearly 19.9% decline in the past month. After reaching the $78,940 support level, Bitcoin showed a slight recovery, but volatility remains high. Amid this, Glassnode data reveals that Bitcoin’s drop below $80,000 triggered an additional $685 million in realized losses on February 28 alone. The losses primarily come from recent market entrants, with over $2.16 billion realized between February 25 and 27. Bitcoin Holders Realizing Losses Those who entered the market less than a week ago recorded the highest losses at $238.8 million, followed by those who entered between a week and a month ago at $187.6 million. Notably, the one to three-month group saw $132.4 million in losses, while the 24-hour cohort lost $104.9 million. Meanwhile, Bitcoin holders from the past 3 to 6 months have seen their losses accelerate, reporting $12.7 million in losses, marking a 95.4% increase from the previous day. Since the start of February 28, Bitcoin has realized losses at a rate of $57.1 million per hour. The 1-day to 1-week cohort remains the dominant force behind liquidation pressure, realizing losses at $19.9 million per hour, nearly twice as fast as the next largest group. The 1-week to 1-month and 1-month to 3-month cohorts are also significant, realizing losses at $13.9 million and $14.2 million per hour, respectively. Loss realization from the 6-month to 12-month cohort remains minimal. Since the start of Feb 28, #Bitcoin has been realizing losses at a rate of $57.1M per hour. Average loss per hour by cohort: 🔻 1d-1w cohort: $19.9M/hr🟡 1w-1m cohort: $13.9M/hr🟣 1m-3m cohort:…

---

Filed under: News - @ February 28, 2025 7:21 pm