Bitcoin (BTC) threatens to “purge further” as realized losses in the 2026 bear market fail to beat records.
Key points:
- Bitcoin realized losses have not yet surpassed the 2022 total despite market cap being higher.
- History suggests that a fresh round of capitulation should occur before a bear-market bottom appears.
- Retail investor conviction is still “remarkably high” despite new macro lows.
Bitcoin bear market bottom may need “a few more months”
New data from onchain analytics platform CryptoQuant shows that investor capitulation has not yet matched the levels of the 2022 bear market.
“Realized losses are calculated in USD, so logic would dictate that with similar behavior, USD losses during bear markets should be increasingly significant given that market capitalization keeps…
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Source cointelegraph.com
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