Bitcoin Realized Losses last week were comparable to the losses during June of 2022, but it gets more interesting when we dive deeper.
Removing Short-Term Holder coins (0-6 months old), we can see that the realized losses from the 6m+ cohort were actually significantly smaller last week than in June 2022.
This tells me that the most reactive group of investors (6 months or less) have capitulated but we're still seeing that 6 month - 2 year group holding back to some extent.
Translation- don't be surprised by another BTC capitulation, led by the 6 month - 2 year cohort.

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Original Author: He Hao, Wall Street Insights

On Thursday, US stocks plunged, with the Nasdaq falling over 2%. Some traders sold precious metals to offset losses in the stock market, causing gold, silver, copper, platinum, and palladium to decline sharply. The US dollar index rose slightly.

Amid renewed concerns about whether massive investments in artificial intelligence can truly be implemented on a large scale, US tech stocks declined. Metal prices suddenly fell due to suspected algorithmic trading selling, forcing some investors to exit commodity positions, including metals, to obtain liquidity, while some funds turned to US Treasury bonds for safety.

Spot gold fell as much as 4.1%, and silver plummeted 11...

Gold fell more than 4% at one point, and silver plummeted 11%, as a sharp drop in US stocks triggered a sell-off in algorithmically traded precious metals.

Written by: Mahe, Foresight News
Solana, one of the most successful public blockchains, is also facing a winter.
Since the market crash on February 5th, Solana's token SOL once fell to $67, a new low since December 2023. As of now, SOL is currently priced at $80, a 24-hour drop of 3.57%. Looking at the monthly chart, SOL has been declining for five consecutive months since its October 2025 high, with a maximum drop exceeding 71%. The most well-known aspect of this ecosystem...

Meme wanes, narratives cool: Solana's cyclical boom ends as it falls below $80.

Coinbase, a leading cryptocurrency exchange in the US, has just announced its Q4 2025 earnings results, showing significant changes amidst a sharp decline in the crypto market at the end of the year. The developments...

Coinbase reports lackluster earnings, causing its stock price to fall.

Here's the STH (0-6M) chart to support the above.
More to come in my newsletter article later today:

Feels like a cheat code having access to blockchain data

Open is beautiful! Would love to have you on the show next week if you're interested