Bitcoin's seven-day average realized net loss reaches $2.3 billion, marking the largest decline since 2021

Odaily News Analyst IT Tech stated in a CryptoQuant report on Thursday that Bitcoin's seven-day average realized net loss has reached $2.3 billion, describing it as "one of the largest panic-selling events in Bitcoin's history, comparable to the 2021 crash, the 2022 Luna/FTX collapse, and the mid-2024 correction."

"This scale of loss ranks among the top 3 to 5 in history," the analyst added, "There have been only a few instances in Bitcoin's history where panic selling of this magnitude has occurred."

OKX market data shows that Bitcoin has plummeted nearly 50% from its all-time high of over $126,000 last October and is currently trading around $66,600; it had previously dipped to a low of $60,000 on February 6 before recovering somewhat.