Study: Bitcoin panic selling caused new investors to lose $100 million in six weeks

PANews March 14 news, according to Cointelegraph, a contributor to the on-chain analysis platform CryptoQuant, Onchained, pointed out in a blog post that due to panic selling, Bitcoin speculators have confirmed losses of over $100 million in just six weeks. These speculators "lost" and exited, the group of investors holding Bitcoin for 1 to 3 months suffered a brutal bear market correction, and many failed to hold on until the end. This means that the value of Bitcoin held by this group has shrunk significantly, and they are currently in a loss position, as many bought at higher prices but exited at a loss. The market value of their holdings is now lower than the realized value, indicating that these holders are locking in realized losses. This behavior not only exacerbates selling pressure, but may also lead to further declines in Bitcoin prices in the short term. The chart accompanying the article shows a rare significant negative weekly change in realized value. In addition, the net unrealized profit/loss (NUPL) score of this group is currently -0.19, also indicating that the amount of loss-holding tokens is higher than at any time in the past year. Meanwhile, large holders are increasingly ignoring short-term BTC price fluctuations and choosing to increase their positions around the $80,000 level.