CryptoQuant: Bitcoin's seven-day average net loss has reached $2.3 billion, marking the largest drop since 2021.

According to ME News, on February 13th (UTC+8), analyst IT Tech stated in a CryptoQuant report that Bitcoin's seven-day average net loss has reached $2.3 billion, calling it "one of the largest panic sell-offs in Bitcoin history, comparable to the 2021 crash, the 2022 Luna/FTX collapse, and the mid-2024 correction." The analyst added, "This level of loss ranks among the top 3 to 5 in history. There have only been a few times in Bitcoin's history that such a level of panic selling has occurred." Bitcoin has plummeted nearly 50% from its all-time high of over $126,000 last October and is currently trading around $66,600; it previously rebounded after hitting a low of $60,000 on February 6th. (Source: ME)