Bitcoin panic selling costs new investors $100M in 6 weeks — Research
Bitcoin buyers feel the pain of BTC price fluctuations, with loss-making transactions seeing recent hodlers‘ realized cap dive by $100 million since February.
Bitcoin speculators suffered losses of over $100 million in just six weeks thanks to panic selling, new research calculated.
Data from onchain analytics platform CryptoQuant revealed the extent of recent capitulation by short-term holders (STHs).
Bitcoin (BTC) entities hodling coins between one and three months bore the brunt of a brutal bull market drawdown, and many did not stay the course.
