It turns out you haven't lost enough yet; it can't rise.

Analyst: The current bear market has realized a loss of $174 billion so far, which has not yet exceeded the peak of the previous cycle.
On-chain analyst Darkfost stated that he has compiled the realized losses in the Bitcoin market during previous bear markets (measured in USD). In theory, as the total market capitalization continues to expand, the scale of USD losses in bear markets should also keep growing 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 as high as $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 continues for several months, the realized losses could surpass the level of the previous cycle; but for now, despite this bear market entering a deeper stage, the accumulated losses have not yet reached the historical maximum. $ETH
{spot}(ETHUSDT)