Data: Glassnode's actual losses for Bitcoin have surged to the highest level since the FTX collapse
Glassnode stated on platform X that the realized losses for Bitcoin have surged to the highest level since the FTX collapse, with short-term holders being the main drivers of this sell-off.
The scale and speed of the liquidations during the decline reflect a significant reduction in marginal demand, with recently entered buyers now liquidating their positions.
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