Realized losses outpace profits amid market turbulence after Binance, Coinbase lawsuits

Realized losses eclipse profits this week, amounting to $798M

James Van Straten
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James Van Straten
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
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Quick Take

  • In the past four days, Glassnode data suggests that Bitcoin holders have seen greater realized loss-taking than realized profit.
  • Realized losses did get smaller throughout the week of June 5, suggesting the Binance lawsuit was a bigger trigger for selling than the Coinbase lawsuit from the SEC.
  • Considering the SEC sued the two biggest crypto exchanges, the data suggests the news isn't affecting investors as much.
  • Realized losses total $798 million, while realized profits amount to $611 million in the last four days.
Realized profit and loss: (Source: Glassnode)
Realized profit and loss: (Source: Glassnode)
Realized profit,loss: (Source: Glassnode)
Realized profit, loss: (Source: Glassnode)
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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