Bitcoin traders ‚excess loss-realization‘ may push BTC price below $44K
Bitcoin price dropped 25% in 2022 and 50% in 2018 after similar on-chain loss signals, a warning sign for BTC’s next move.
Bitcoin (BTC) traders are selling at a loss for the first time since 2022, raising odds that the biggest cryptocurrency’s ongoing price correction may deepen in the coming weeks.
Key takeaways:
Bitcoin is witnessing loss-driven selling that has historically lasted six months or more.
