CryptoQuant analysts haven't seen any signs of a Bitcoin bottom. Despite widespread loss-taking, on-chain metrics don't yet confirm a tipping point.
On February 5, Bitcoin holders recorded losses of $5.4 billion, the highest since March 2023. However, in real terms, the loss amounted to only 0.3 million BTC. By comparison, during the capitulation at the end of 2022, the figure reached 1.1 million BTC.
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CryptoQuant analysts haven't seen any signs of a Bitcoin bottom. Despite widespread loss-taking, on-chain metrics don't yet confirm a tipping point.
On February 5, Bitcoin holders recorded losses of $5.4 billion, the highest since March 2023. However, in real terms, the loss amounted to only 0.3 million BTC. By comparison, during the capitulation at the end of 2022, the figure reached 1.1 million BTC.