#Glassnode Data exploded! On February 5, BTC plummeted directly from 70k to 60k, with on-chain losses reaching 3.2 billion dollars that day, setting a record for the largest single-day loss in Bitcoin history! Crushing the 2.7 billion during the LUNA crash in 2022! Wow, this wave of retail investors suffered too much loss 😭💥

Glassnode's adjusted data: only counting the coins that were genuinely sold at a loss (filtering out internal transfers within the same entity), pure low-confidence holders capitulated! The weekly average net loss exceeded 1.5 billion dollars! A textbook-level capitulation event: fast speed, large volume, panic concentrated exit!

Historically, such large-scale loss realization is often one of the bottom signals—weak hands clear out, strong hands start to buy the dip.