📉 Last week, Bitcoin plummeted, creating the largest historical "realized loss".

🧊 The market is bleeding, is a bottom brewing?

📅 Time Review | February 5

BTC quickly fell from $70,000 to $60,000

triggering panic selling in a short time.

📊 According to Glassnode data:

🔻 The realized loss on the blockchain in a single day reached $3.2 billion

⚠️ Setting the record for the largest single-day loss in Bitcoin's history

📉 Exceeding the $2.7 billion during the LUNA collapse in 2022

Data is "realized loss adjusted for entities"

✅ Only counting BTC sold "below the purchase price"

✅ Excluded internal transfers within the same entity

👉 More accurately reflects the scale of market "liquidation"

🧠 Checkonchain interpretation: typical "surrender-type selling"

This round of selling has three major characteristics:

⚡ Extremely fast speed — sudden drop without rebound

📦 Increased trading volume — panic selling concentrated

😵 Low-confidence holders leave in bulk — emotional collapse type exit

Data shows:

📉 The average net loss for the week exceeded $1.5 billion

📌 What does this mean?

Historically:

💥 Large-scale "realized losses" often occur in

👉 Extremely panic emotional phases

👉 Late bear market or stage bottom areas

Because —

The true bottom is often built on "the most painful liquidation".

🩸 The market logic is cruel:

Low-confidence holders leave

High-confidence holders absorb

A redistribution of chips is completed

📊 New high in losses ≠ Market termination

Instead, it could be an important signal of "emotional clearance".

⚠️ But be aware:

📍 Surrender events ≠ Immediate reversal

📍 Bottoms usually require time to oscillate and confirm

📍 Emotional repair > Price repair

🔥 In summary:

This is not the first extreme loss,

but every extreme loss lays the groundwork for the next trend.

The market is filtering chips.

Are you among those washed out,

or among those waiting for the wind? $BTC $ETH #CZ币安广场AMA #易理华割肉清仓