Bitcoin Struggles , As Sellers Lose , Historic $7.3 Billion.<br />Last week, Bitcoin investors saw the largest <br />realized loss ever as a widespread sell-off <br />led to shedding $7.3 billion in shares.<br />According to Vice, a sustained crash <br />that began last month has caused the price <br />of Bitcoin to drop below $20,000.<br />Glassnode says that about 555,000 Bitcoins<br />were traded for as much as $23,000 <br />or as little as $18,000.<br />About 178,000 Bitcoins were <br />liquidated by long-term holders <br />for prices below $23,000. .<br />A number of those investors <br />reportedly saw losses as high as 75%.<br />The last three consecutive days have <br />been the largest USD denominated <br />Realized Loss in Bitcoin history. , Glassnode, via Twitter.<br />'The Financial Times' reports that shares <br />in listed mining companies have fallen <br />approximately 40% in the past month.<br />Some firms have been forced <br />to take machines offline <br />as energy costs continue to rise. .<br />Meanwhile, a wave of acquisitions have been anticipated <br />as many mining firms took on high-interest debt in order<br />to expand operations prior to the market's rapid fall.<br />Meanwhile, a wave of acquisitions have been anticipated <br />as many mining firms took on high-interest debt in order<br />to expand operations prior to the market's rapid fall.<br />If we assess the damage, <br />we can see that almost all wallet cohorts, <br />from Shrimp to Whales, now hold massive <br />unrealized losses, worse than March 2020, Glassnode, via Twitter.<br />If we assess the damage, <br />we can see that almost all wallet cohorts, <br />from Shrimp to Whales, now hold massive <br />unrealized losses, worse than March 2020, Glassnode, via Twitter.<br />The least profitable wallet cohort <br />hold 1-100 $BTC, and have unrealized <br />losses equal to 30% of the Market Cap, Glassnode, via Twitter.<br />Vice reports that it remains <br />unclear if the crypto market has <br />already hit bottom at this point
