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Epic! A massive amount of unprofitable trading has occurred!
On February 5th, BTC's realized losses, adjusted for physical values, reached a record high of $3.2 billion. After seeing this, everything before is just a drop in the ocean.
Neither the Luna collapse, the FTX bankruptcy, nor the black swan events of 312/519 have triggered such a large-scale loss and exodus.
There was a similar incident on November 21, 2025, but Coinbase made adjustments afterward to the wallet data. This time, however, it seems like genuine panic...
It seems that "world records" are meant to be broken. It's been many years since I've seen BTC fall so much without any black swan events.
I believe history will remember this day!
(Some people believe that the price should be measured in currency, but this is a misconception. The price of BTC is dynamic, and only by measuring its value in US dollars can the true measure of market panic and pressure be accurately assessed.)

Murphy
@Murphychen888
02-03
恐慌盘出逃!
昨天,BTC链上“实体调整后的已实现亏损(EARL)”—— 剔除了同一实体间内部互转的行为 —— 其规模高达13亿美元。
虽然比2025年11月21日BTC急速跌至$85,000时产生的18亿美元的EARL要小很多,还算不上是天量级,但即便是放在过去十年历史中,BTC单日EARL能超过10亿美元的次数也屈指可数。 x.com/Murphychen888/…



Looking forward to it
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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