How Much More Loss Can The Bitcoin Market Sustain?

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The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

In today’s Daily Dive, we’re covering the state of realized losses and profit in the market and an update to derivatives markets. With bitcoin’s price falling, how much more loss can the market sustain and is there more short-term downside?

Over the last week, we’ve seen a rising level of realized losses on-chain during the latest price drawdown. During bitcoin’s drawdowns over the last six months, realized losses over $1 billion on a 7-day moving average has been a consistent ceiling for each new sell-off.

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