On June 7th, analyst Darkfost posted on social media stating that since the market peaked last October, Bitcoin holders have realized approximately $174 billion in losses. Because realized losses are measured in USD, as Bitcoin's market cap continues to grow, the scale of losses in each bear market cycle is also expanding. Data shows that the total realized losses during the 2014 bear market were only about $2.4 billion, when Bitcoin's total market cap was around $6 billion to $8 billion; during the 2019 period, this number rose to about $60 billion.

However, the scale of realized losses in the current cycle has not yet broken records. The previous bear market saw total realized losses of about $211 billion, higher than the current level. Analysts believe this indicates that there may still be room for further market clearing. If the bear market lasts for several months, the accumulated realized losses could surpass the previous cycle's record, but so far, even though this bear market has entered a deeper stage, the actual market losses remain below the peak level of the previous cycle. #分享美股交易赢英伟达股票