The largest realized loss in Bitcoin history occurred during last week’s market downturn, shattering previous records when the asset fell from $70,000 to $60,000 on February 5.
According to Glassnode, the entity-adjusted realized loss reached $3.2 billion. This metric exclusively tracks the USD value of moved coins sold below their acquisition price while filtering out internal transfers between the same entity.
This massive capitulation has outpaced even the darkest days of 2022, eclipsing the $2.7 billion loss recorded during World War II. collapse.
According to data platform Checkonchain, “last week’s bitcoin selloff meets the criteria for a classic capitulation event. It occurred quickly, on a significant volume, and crystallized the losses of the least convinced holders.”
With daily net losses exceeding $1.5 billion, the scale of this sale represents the largest absolute U.S. dollar loss ever crystallized in the network’s history. This indicates more signs of a bear market bottom.
At press time, bitcoin was trading around $67,600.
