The painting is black for Bitcoin. Very black. For several days, the Crypto market has been in full turmoil, with losses that have been linked to an infernal rate. Not only areasting altcoins, but even stablecoins flicker. The massacre intensified on February 28, when Bitcoin dropped under the $ 80,000, recording losses made of $ 685 million in a single day. So who casks the biggest strokes?
Bitcoin: New traders at the heart of massive liquidations
After A week of strong correction And an intense selling pressure, Bitcoin briefly rebounded at more than $ 85,000, carried by long positions and the lever effect on the margins. However, this recovery is not enough to hide the extent of the losses.
The figures speak for themselves: it is the recent holders who take themselves The most violent slap. Glassnode deciphered the massacre and identified the most impacted groups:
- 1 day to 1 week: $ 238.8 million in losses;
- 1 week to 1 month: 187.6 million;
- 1 month to 3 months **: 132.4 million;
- Buyers of the latest 24 hours **: 104.9 million;
- 3 to 6 months: an explosion of losses at 12.7 million (+95.4% in one day).
The pace is frightening : the average of losses made reached $ 57.1 million per hourwith a peak at 19.9 million per hour for the most recent holders. For them, the “Hodl” rule seems already forgotten …
A massive capitulation which is reminiscent of the dark hours of the market, such as the collapse of FTX.
“” You have just survived the worst day from FTX, it's a hollow signal! »Try to reassure Crypto Rover.
But is this really the end of the descent into hell?
A BTC price at half mast, but the old hodlers hold out
Despite this tsunami, A group of investors does not flinch : long -term holders. The data show that those who have BTC for 6 to 12 months remain unperturbed. They don't sell, or very little. A long -term paid strategy ?
For their part, short-term traders continue to chain liquidations. In just three days (February 25 to 27), more than $ 2.16 billion in losses made were recorded. THE February 26 has even been the worst day for months, with $ 1.13 billion in losses on a single day.
Who will dare say that the Crypto market is a long, quiet river?
The Bitcoin price fell to $ 80,000 before rebounding shyly to $ 85,200. But the trend remains uncertain. Technical or simple lull rebound before a new storm? And above all, until when will the Hodlers held for 6 to 12 months will they keep their cool?
However, according to River's shock predictions, the bitcoin bull potential remains colossal. If their shock predictions are realized, a BTC will be worth several million dollars in the future, to the point of becoming an international reserve currency. Crazy dream or inevitable future?
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