"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
07/25/2023 23:00
Bitcoin's slump below the critical level of $30,000 resulted in a net realized loss of more than $49.6 million.
Bitcoin sees realized losses as it dips below $30K 31 seconds ago · 2 min read
Bitcoin's slump to $29,200 resulted in a net realized loss of more than $49.6 million.
2 min read
Updated: July 25, 2023 at 4:04 pm
Cover art/illustration via CryptoSlate