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Bitcoin crash led to $2.16b in losses, mostly from recent buyers

Bitcoin crash led to $2.16b in losses, mostly from recent buyers
Bitcoin's recent price drop resulted in over $2.16 billion in realized losses for traders, with the majority of these losses coming from recent BTC buyers. Glassnode's analysis shows that traders who bought BTC within the past week suffered the most losses at $927 million. Traders who bought Bitcoin within a month before the crash accounted for the second-largest loss at $678 million. In contrast, traders who held BTC for longer periods experienced fewer losses. The largest single-day crypto crash this year occurred on February 26, resulting in $1.13 billion in losses. This surpasses the previous single-day market drop on February 3.

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