CryptoQuant: BTC’s pullback has not yet reached the level of a complete market collapse

Wu said that, according to CryptoQuant analysis, BTC's pullback may not have reached the point of a complete market collapse. Over the past 30 days, realized losses have totaled 187k BTC, which is less than the 400k BTC during the panic in February of this year and the peak loss of 1.2 million BTC after the FTX collapse. From historical experience, major bottoms often form after selling pressure is exhausted, and current data suggests that this stage has not yet been reached.
BTC2.52%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
GateUser-e130bc45
· 2h ago
Not at the very bottom yet, but there’s no need to panic—18.7万 coins is just a drop in the bucket compared with FTX back then.
View OriginalReply0
BugBountyBuddy
· 2h ago
187k tokens are indeed much milder than that wave with FTX, but I'm just worried this is only the beginning
View OriginalReply0
  • Pinned