This article is 3 years old. The information presented may be outdated.

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

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

James Van Straten
Author
James Van Straten
Published
Make preferred on

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)
Analyst View profile
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.

Context

Related coverage

Switch categories to dive deeper or gain broader context.

Disclaimer

Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. For more information, see our company disclaimers.