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Glassnode: The realized losses of BTC have surged to the highest level since the FTX collapse.

On November 21, Glassnode reported that the realized losses of Bitcoin have soared to the highest level since the FTX crash, with short-term holders being the main driving force behind this capitulation-style dumping. The scale and speed of the Close Position during the decline reflect that marginal demand has significantly decreased, and recent new buyers are closing positions and exiting.

BTC-7.5%
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