Glassnode analysts: Bitcoin is seeing daily losses of $300 million, and the selling pressure shows no signs of abating.
TL;DR
Glassnode analysts report Bitcoin's daily realized losses at around $300 million, with significant selling pressure continuing despite price stabilization above the real market average.
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[Glassnode Analyst: Bitcoin Daily Losses Reach $300 Million, Loss-Making Selling Has Not Decreased Significantly] According to Mars Finance, Glassnode's Chief Research Analyst, CryptoVizArt, stated, "After removing insider trading and smoothing with a 90-day moving average (90D SMA), the current realized losses are approximately $300 million per day. Although the Bitcoin price has stabilized above the real market average (approximately $81,000), loss-making selling has not decreased significantly due to the time cost dissatisfaction of those who bought at higher prices."