Bitcoin Investors Lose Record $7.3 Billion in Three Days

The Thursday to Saturday Bitcoin selloff marked the biggest realized loss ever for the apex crypto as investors saw $7.3 billion of locked-in losses.

About 555,000 Bitcoin were traded in the $18,000 to $23,000 range during the three-day span.

Short-term holders reached a Spent Output Profit Ratio equal to that of the 2018 bear market. By implication, their profits are down overall.

On the flip side, long-term holders experienced “deep capitulation” after buying at Bitcoin’s all-time high of nearly $69,000 and selling for closer to $18,000, per Glassnode.

Over $7.325B in $BTC losses have been locked in by investors spending coins that were accumulated at higher prices.