Bitcoin Selloff Mirrors 2022 as Buyers Lose $1.5B Daily

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Enter, if you please, into the bustling théâtre of finance, where coins pirouette like mischievous marionettes and the brokers bow before every tick of the clock. The scene opens on a grave spectacle: Bethinks us that the market, with all its gusto, hath caused a grand éclat of losses.

Le Profit et Perte Réalisés: Une Chute Récente

In a fresh billet posted on X, the on‑chain sage Checkmate regales us with news of losses as though the stage were set for a comedy of errors. The indicator he extols, the “Net Realised Profit/Loss,” measures the net sum of profits or losses that our valorous investors realize with each transaction.

Sir Checkmate explains that the metric doth rummage through the ledger of every coin sold to discover at which price it was moved prior to this moment of despair. If the last selling price eclipsed the latest spot price, that coin now art in a net loss. If, by contrast, the previous sale was at a humbler price, the sale reveals profit-ah, the irony of fortune!

For each case, the degree of profit or loss is the difference between those two prices. The Net Realised Profit/Loss then sums these values for both kinds of sales and returns to us a net verdict.

When this number stands above zero, the virtuosi sell at net profit; when it doth sit in the negative, loss-takers hold sway in the market’s grand ballet.

And lo, here is the chart for Ethereum’s Net Realised Profit/Loss, shared by Checkmate, showing the 7-day exponential moving average and the separate trends for buyers from different years:

As one doth behold the graph, the Ethereum Net Realised Profit/Loss descends into the negative for purchasers of 2025 and 2026 as the market doth crash. Verily, the buyers of the recent year partake in the sorrow of loss realization.

“Class of 2025 and 2026 collectively puked out $1.5B/day in losses on the move lower, equivalent to the June 2022 low at $17.6k,” noted the analyst. Buyers from other years also joined the sale, yet their share mostly amounted to profiteering-à la bonne guerre, but with less champagne.

In other parlays of doom, the unrealized calamity in the market strides forth with a gait akin to the 2022 bear, as Glassnode did avouch in an X missive.

From the tableau, one sees the Relative Unrealized Loss-the measure of Bitcoin’s non-realized lament as a fraction of the market cap-risen to a plebeian 16%. “The pain of the market today echoes a structure seen in early May 2022,” explained Glassnode with that scholar’s gravity.

Prix du BTC

At the moment of quill-stroke, Bitcoin trades about $69,300, down more than 11% over the week past. Oh, sweet volatility-so quick to applaud, so swift to forget the patrons of the coin.

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2026-02-10 07:11