Bitcoin Speculators Lose Over $100M in Six Weeks Amid Panic Selling

📉 Bitcoin investors have suffered over $100 million in losses within six weeks as panic selling accelerates, according to a new report by on-chain analytics firm CryptoQuant.

📊 Key Findings from the Report:

✔ Short-term Bitcoin holders (STHs) – those who acquired BTC in the last 1-3 months – are the hardest hit.
✔ Market cap has dropped below realized cap, meaning many investors are selling at a loss.
✔ Bitcoin’s price correction (down 30% from January’s all-time high of $109,000) has triggered panic selling.
✔ Net Unrealized Profit/Loss (NUPL) score at -0.19, marking the highest level of BTC held at a loss in the past year.
✔ $70,000 could be a key support level as selling pressure continues, according to Glassnode.

Who’s Buying the Dip?

While short-term traders are panic-selling, large-volume holders (whales) are reportedly accumulating BTC at $80,000 levels, signaling confidence in Bitcoin’s long-term value.

What’s Next for Bitcoin?

Experts suggest that while corrections are normal in a bull market, short-term volatility could persist. If selling pressure eases, Bitcoin could stabilize above $70,000 before attempting another rally.