Bitcoin signals potential seller exhaustion as realized losses decline
CoinDesk·7h ago·Neutral
What Happened
Bitcoin has consolidated near $70,000 after bottoming at $60,000 in February. Realized losses declined to approximately $400 million daily, down from $2 billion peaks in November and February. CheckonChain and Glassnode data indicate spot markets are shifting from aggressive selling to net buying pressure. The realized profit-to-loss ratio reached 1.4, its highest since January, suggesting investors are taking profits after accumulating at lower prices.
Key Entities
BitcoinCheckonChainGlassnode$60,000$70,000realized lossesprofit-to-loss ratio