Bitcoin holders have experienced over $4.5 billion in realized losses following the cryptocurrency’s dramatic decline from above $120,000 to below $90,000, which marks the highest level of capitulation since the 2022 bear market.
The Bitcoin price prediction indicator shows that the price might be bracing for another drop below $80k because the last time this much realized losses occurred in Bitcoin, the price dropped more than 50% to $28,000 from $69k.
The exodus from Bitcoin continues through institutional channels, with U.S.-based Bitcoin ETFs recording $1.33 billion in net outflows over
The Bitcoin price prediction indicator shows that the price might be bracing for another drop below $80k because the last time this much realized losses occurred in Bitcoin, the price dropped more than 50% to $28,000 from $69k.
The exodus from Bitcoin continues through institutional channels, with U.S.-based Bitcoin ETFs recording $1.33 billion in net outflows over
18 days ago
