Bitcoin speculators sit on 93% unrealized losses after $365M 'wipeout'

Bitcoin futures liquidations leave market newcomers licking their wounds after a giant BTC price drawdown.

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Bitcoin (BTC) has “purged” market speculators as liquidations reach $365 million, new research says.

In the latest edition of its weekly newsletter, “The Week Onchain,” crypto analytics firm Glassnode confirmed a “statistically significant capitulation.”

Bitcoin’s short-term holders (STHs) have come under intense pressure thanks to this week’s BTC price crash.

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