Analyst: This round of the bear market has already realized losses of $1740 billion, which still has not exceeded the peak of the previous cycle.

ME News Report, June 7 (UTC+8), on-chain analyst Darkfost stated that they have compiled the realized losses (measured in USD) of Bitcoin during previous bear markets. Theoretically, as the total market capitalization continues to expand, the scale of USD losses during bear markets should also keep increasing under similar market behaviors. Data shows that during the 2014 bear market, realized losses were only about $2.4 billion, when Bitcoin's market cap was approximately $6 billion to $8 billion; during the 2019 bear market, realized losses increased to $60 billion. Since the peak of this cycle last October, the market has accumulated about $174 billion in realized losses. However, this figure has not yet broken the record; in the previous bear market, total realized losses reached $211 billion. Darkfost believes this may indicate that there is still room for further market clearing, but this judgment remains highly subjective. If the bear market lasts for several months, the realized losses could surpass the levels of the previous cycle; but for now, despite this bear market entering a deeper phase, the accumulated losses have not yet reached the historical high. (Source: ODaily)
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