As bitcoin:native fell back to $62K, aggregated realized losses surged to $1.3B per day. Long-term holders realized ~$770M in losses. This accounted for roughly 59% of total realized losses. The #data suggests that many cycle-top buyers who held through the drawdown are now capitulating, adding to sell-side pressure and reflecting a deeper phase of market stress. #crypto

BTC-3.84%
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