ChainCatcher reports that analyst IT Tech stated in a CryptoQuant report on Thursday that the seven-day average realized net loss for Bitcoin has reached $2.3 billion, calling it “one of the largest panic sell-offs in Bitcoin history, comparable to the 2021 crash, the Luna/FTX collapse in 2022, and the mid-2024 correction.”
“This scale of loss ranks among the top 3 to 5 in history,” the analyst added, “only a few instances in Bitcoin’s history have seen such extreme panic selling.” Bitcoin has plummeted nearly 50% from its all-time high of over $126,000 in October last year, currently trading around $66,600; it previously dipped to a low of $60,000 on February 6 before rebounding.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Cathie Wood: BTC has entered a mature stage; 85%-95% will either experience a deep drop or become a thing of the past
ARK Invest founder Cathie Wood says Bitcoin has entered a mature phase, and that the large drawdowns of the past may be behind us— even a future 50% pullback would be considered progress. She noted that Bitcoin has grown into a mature monetary system and asset class.
GateNews7m ago
BTC is trading in a tight range around $67,000, and SOL futures open interest hits a new two-month high
On April 3, the crypto market continued to trade in choppy conditions. Bitcoin was consolidating around $67,000, maintaining its broader downward trend that began last October. The futures market saw thin trading, with Solana futures open interest hitting a new high, and the volatility index falling to its lowest level since February. Market structure indicates that short positions are increasing.
GateNews1h ago
BTC drops below $65k; the long position liquidation strength will reach $65k. Breaking above $68k, the short position liquidation strength will reach $754 million
According to Coinglass data, if Bitcoin falls below $65k, long positions on major CEXs will be liquidated to the tune of $65k; if it breaks above $68k, short positions will be liquidated to the tune of $754 million. The liquidation chart reflects the strength of the market reaction when price touches a certain level.
GateNews1h ago
Naoris Protocol's quantum-resistant blockchain goes live as Bitcoin and Ethereum face 'Q-Day' threats
Naoris Protocol launched a quantum-resistant blockchain, designed to secure transactions against future quantum threats. It utilizes post-quantum cryptography and has validated over 100 million transactions, preparing to protect digital assets despite vulnerabilities in existing systems like Bitcoin and Ethereum.
CoinDesk2h ago
Strategy common stock MSTR sees a sharp pullback, while preferred stock STRC still maintains stable returns
The Strategy Company offers two investment options for Bitcoin investors: high-risk, high-reward MSTR common stock and stable-dividend STRC preferred stock. MSTR amplifies price volatility and is suitable for high-risk investors; STRC provides an annualized 11.5% dividend and is suitable for retail investors seeking stability. The choice depends on an individual’s risk tolerance and investment goals.
GateNews2h ago
