The Glassnode analytical company revealed how the trend in Bitcoins realized that the loss may mean that sellers could start exhausted.
Bitcoin realized loss shows signs of saturation
In modern post WX Glassnode talked about what Bitcoin surrender looked like during the last price payment. The indicator of the meaning in the chain is the “realized loss”, which, as its name suggests, the total loss, which investors in the Bitcoin network as “realize”.
Metric works by passing through the history of the transaction of each coin transmitted or sold in blockchain to see what price was previously carried out. If the previous sales price is higher than the current spot price for any coin, then its sale contributes to the implementation of the losses.
The amount of loss carried out on sale is of course equal to the difference between two prices. The realized loss calculates this value for all transactions on the network and summarizes them to find a total situation.
Like the loss, there is also an indicator known as a realized profit. This record naturally follows the sale of the opposite type (i.e. where the last transfer value is lower than the latest price of the spot).
Now there is a chart of realized Bitcoin losses, divided by an analytical company, which shows the trend in a 6-hour value over the past year:
Looks like the value of the metric has observed huge spikes in recent days | Source: Glassnode on X
As you can see in the chart above, Bitcoin realized the loss of several huge jumps during the price bear in February and March, which suggests that panic investors sold underwater coins.
The last FUD around the tariffs caused a continuation of the payment for assets and predictably, the owners have now showed significant surrender.
Interestingly, the scale of the 6-hour completed loss was much lower than the jump from earlier. This may mean that surrender reaches a saturation point, which according to Glassnode can be an early sign that the sellers are exhausted. If so, it is possible that BTC can be close to a bottom.
In the same thread, the analytical company in the chain also discussed the recent trajectory in the Altcoins market capitalization (i.e. cryptocurrency, excluding Bitcoin, Ethereum and Stablecouins).
The trend in the combined market cap of the altcoins over the last few years | Source: Glassnode on X
The table shows that Altcoin market capitalization sat the highest level of $ 1 trillion in December 2024, but today the record has decreased to $ 583 billion. “Assets further on the risk curve showed increased sensitivity to liquidity shocks, which leads to serious devaluation in the entire sector,” notes Glassnode.
BTC price
Bitcoin has tried to recover in the last few days, because its price has returned to USD 81,900.
The price of the coin seems to have been rising recently | Source: BTCUSDT on TradingView
A distinguished picture from Dall-E, Glassnode.com, Chart from TradingView.com
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