Analyst: Bitcoin Holders’ Realized Loss Still Below Last Cycle Peak, Bear Market Entering Deep Adjustment Phase

BlockBeats News, June 7th - Analyst Darkfost posted on social media stating that since the market peak in October last year, Bitcoin holders have collectively realized approximately $174 billion in losses. As the losses are realized in terms of US dollars, with the continuous growth of Bitcoin's market cap, the scale of losses in each bear market has also been expanding. Data shows that during the bear market in 2014, the cumulative realized losses were only about $2.4 billion when Bitcoin's total market cap was around $6 billion to $8 billion; during the 2019 period, this number increased to around $60 billion.

However, the current cycle's realized loss scale has not yet broken the record. The previous bear market saw cumulative realized losses of about $211 billion, higher than the current level. Analysts believe this indicates that there may still be room for further market clearing. If the bear market continues for several months, the cumulative realized losses could exceed the previous cycle's record, but as of now, even though the current bear market has entered a deeper stage, the actual market loss scale is still lower than the peak level of the previous cycle.