Bitcoin Losses Near Three Times Profits — Is Relief Coming?
The Bitcoin market appears to be riddled with an increasing amount of sell-side pressure, as its recent price action reveals bears’ dominance. Interestingly, another on-chain evaluation suggests that the current market…
The Bitcoin market is showing mounting sell-side pressure as on-chain metrics point to panic-driven liquidation. CryptoQuant analyst GugaOnChain flagged a capitulation phase using the Realized Profit and Loss ($) metric, which captures the profits and losses investors lock in when they sell BTC.
Recent data put about $1.705 billion of BTC as realized losses versus roughly $605 million in realized gains, yielding a Loss/Gain ratio of 2.82 — roughly $3 lost for every $1 gained. That translates to about 74% of realized volume occurring at a loss and 26% in profit. Sudden spikes in realized losses are commonly interpreted as signs of capitulation, which can precede either rebounds or further troughs depending on broader market inflection points.
GugaOnChain highlighted several realized-price bands that could influence Bitcoin’s next move. If bearish momentum persists, a nearer-term redemption zone sits around $71,450, the realized price for coins held about 12–18 months. A deeper downside support appears near $58,940, the realized price for coins aged roughly 18 months to two years. On the weekly timeframe, zones near $80,000 and $74,000 could act as supports for a short-term recovery if selling meets meaningful buying pressure.
At the time of the report, Bitcoin was trading near $89,331 with little 24-hour movement. Sources: CryptoQuant (GugaOnChain) and TradingView.