Bitcoin speculators sit on 93% unrealized losses after $365M ‘wipeout’
Bitcoin futures liquidations leave market newcomers licking their wounds after a giant BTC price drawdown.
Bitcoin has “purged” market speculators as liquidations reach $365 million, new research says.
In the latest edition of its weekly newsletter, “The Week Onchain,” crypto analytics firm Glassnode confirmed a “statistically significant capitulation.”
Bitcoin (BTC) short-term holders (STHs) have come under intense pressure thanks to this week’s BTC price crash.
Go to Source
Author: William Suberg
