Bitcoin's longest loss-taking streak since August as sellers bail below $80K
Bitcoin just logged its longest run of daily net realized losses since mid-August, per Glassnode. The streak came last week as sellers exited positions below $80,000. It's a signal that coins are changing hands at a loss, not a profit.
Bitcoin holders just endured their longest stretch of daily net realized losses since mid-August. The streak landed last week, according to on-chain analytics firm Glassnode. The exits clustered below the $80,000 mark, where sellers chose to let go.
Cointelegraph flagged the alert on X, citing Glassnode's data. Net realized losses track coins that move at prices below what they were last worth — the mirror image of holders cashing out in the green.
The length of the run is the story. Mid-August was the last time losses stacked up day after day like this, and the selling pressure showed up under $80,000 rather than at higher levels.
Glassnode's realized-loss metric is one of the standard gauges for telling capitulation apart from profit-taking. A streak this long hadn't shown up since the middle of August, and whether it stretches further is now the number to watch.
TopicsBitcoin · Glassnode · Cointelegraph
Written by Paparazzi with AI. Not financial advice.
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