"In a surprising twist, Bitcoin slipped below the $30k mark, causing the most significant liquidation event in its history. This unexpected shift can be better understood through the lens of 'net realized profit/loss', a metric that offers insight into market sentiment, trader behavior, and financial performance. This precipitous downturn resulted in a net realized loss of over $49.6 million... but what does this mean for the future of Bitcoin? And how does the sudden spike in the Short to Long-Term Realized Value (SLRV) ratio factor into this? Find out in our in-depth Alpha analysis..."
Bitcoin sees realized losses as it dips below $30K Bitcoin sees realized losses as it dips below $30K
Bitcoin's slump to $29,200 resulted in a net realized loss of more than $49.6 million.
2 min read
Updated: Jul. 25, 2023 at 4:04 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.