The firm commented that, while flows associated with digital asset treasury 
companies had reached huge levels of crypto investments in August, these 
numbers have plummeted, evidencing the lack of interest that institutions have 
in crypto amidst the ongoing market carnage. Delphi Digital Highlights 
Institutions Opted out of Crypto as the Market Carnage Grows The Facts […]

Delphi Digital: Institutional Crypto Appetite ‘Evaporated,’ Flows Down 90%

The price of Bitcoin has continued to struggle in the final quarter of the 
year, recently slipping beneath the 2025 starting point. According to the 
latest on-chain data, investors are currently sitting on deep unrealized 
losses, which suggests more pain for the market. STHs Sit On Heavy Losses 
Through Market Crash In a Quicktake post on the CryptoQuant platform, online 
crypto pundit Crazzyblockk revealed that specific classes of Bitcoin investors 
are holding through worrying amounts of losses. This evaluation is based on 
the Age-Band Unrealized PnL Distribution metric, which shows the amount of 
profit or loss different classes of Bitcoin holders (sorted by age of coins 
held) are yet to realize. Related Reading: Saylor’s Strategy Under Threat: 
Index Status At Risk With $8 Billion On The Line According to Crazzyblockk, 
Bitcoin&#8217;s latest investors, who have held between a day and a week, are facing 
significant unrealized losses. Meanwhile, recent funders with a slightly 
broader maturity bracket (1-day to 1-month) are not exempt from the current 
market heat. Additionally, short-term holders who have been involved for up to 
six months are also experiencing significant drawdowns, as the Bitcoin price 
stands far beneath their cost basis. In the Quicktake post, Crazzyblockk 
highlighted that when investor groups face these high amounts of unrealized 
losses, any price recovery stands as a source of exit liquidity. This is 
because crypto investors tend to exit the market under minimal losses, or at 
breakeven. As a result, the classic ‘Support Becoming Resistance’ phenomenon 
would continue to play out, as these investors keep exiting just beneath or at 
their cost basis. However, the verdict is not totally grim for the Bitcoin 
price, as the analyst explained. While the BTC market evidently leans towards 
a bearish structure, short-term holder behavior will play an important role in 
determining its direction in the coming days. Crazyyblockk explained, based on 
historical data, that if the short-term investors avoid capitulating at 
roughly 20 – 30% unrealized losses, the flagship cryptocurrency could avoid 
the deep reset associated with a full-blown bear market. On the flip side, a 
series of capitulation events among this investor cohort could cause a deep 
extension of Bitcoin&#8217;s crash, as these exits add more momentum to the already 
existing bearish pressure. And until this investor group is fully wiped out of 
the market, the price of Bitcoin could continue the current descent. Bitcoin 
Price At A Glance As of this writing, Bitcoin is valued at around $84,530, 
reflecting a 4% decline in the past 24 hours. According to data from 
CoinGecko, the premier cryptocurrency is down by more than 11% in the past 
week. Related Reading: Bitcoin Shows A Clear Momentum Reset — Is A Trend 
Reversal Coming? Featured image from iStock, chart from TradingView

Bitcoin Investors Sitting On Deep Unrealized Losses — What This Means For Price

According to CryptoSlam data, NFT sales volume has dropped by 4.97% to $72.53 
million, down from last week&#8217;s $79.31 million. Market participation has 
surged, with NFT buyers climbing by 77.11% to 293,459 and sellers jumping by 
106.26% to 284,166. NFT…

NFT sales nosedive to $72.5M, while Bored Ape Yacht Club recovers 37%

Bitcoin ETFs pull in $238 million as Ether funds end an eight-day outflow 
streak and Solana products extend a ten-day run of inflows.

Spot Bitcoin ETFs pull $238M as Ether funds snap 8-day outflow streak

Bitcoin’s price stands at $83,864 to $84,135 over the last 60 minutes, with a 
market capitalization standing firm at $1.67 trillion and a 24-hour trading 
volume of $92.60 billion. Within the day, bitcoin maneuvered between $81,050 
and $85,428, flirting with volatility while signaling technical distress 
across nearly every time frame. Bitcoin Chart Outlook From the […]

Cryptocurrency price in AUD