分析师：本轮熊市已实现亏损1740亿美元，尚未超过上一轮周期峰值

Odaily Planet Daily News: On-chain analyst Darkfost stated that they have compiled the realized losses (denominated in USD) of the Bitcoin market during various bear markets. Theoretically, as the total market capitalization continues to expand, under similar market behaviors, the scale of USD losses during bear markets should also continue to grow.

Data shows that during the 2014 bear market, realized losses amounted to only about $2.4 billion, when Bitcoin's market capitalization was roughly $6 billion to $8 billion; during the 2019 bear market, realized losses increased to $60 billion.

Since the current cycle peaked last October, the market has accumulated approximately $174 billion in realized losses. However, this figure has not yet set a record; the cumulative realized losses in the previous bear market once reached $211 billion.

Darkfost believes that this could mean there is still further room for market clearing, but this judgment remains highly subjective. If the bear market persists for several more months, the scale of realized losses could surpass the level of the previous cycle. However, for now, although this bear market has entered a relatively deep stage, cumulative losses have still not reached the historical peak.