Bitcoin is entrenched in a bear market, according to new onchain research from 
Cryptoquant, which shows weakening demand, contracting liquidity, and 
deteriorating technical structure across the network. Cryptoquant Researchers 
See No Relief Yet for Bitcoin’s Bear Market In its February “ Bear Market 
Assessment” report, Cryptoquant researchers report that bitcoin peaked near 
$126,000 in early […]

Bitcoin Slips Deeper Into Bear Territory, Cryptoquant Analysis Shows

On-chain data shows the Bitcoin Realized Loss has spiked to its highest level 
since November 2022 as investors have capitulated after the price crash. 
Bitcoin Realized Loss Has Hit A Value Of $889 Million In a new post on X, on- 
chain analytics firm Glassnode has talked about the latest trend in the 
Bitcoin Realized Loss. This indicator measures, as its name suggests, the 
total amount of loss that investors on the network are &#8216;realizing&#8217; with their 
transactions. Related Reading: XRP Social Sentiment Still Bullish While 
Bitcoin Mood Sours This metric works by going through the transaction history 
of each coin being sold to see at what price it changed hands before this. If 
the previous selling price was greater than the latest spot price for any 
token, then its sale is considered to be resulting in some loss realization. 
The exact degree of loss involved in the transaction is equal to the 
difference between the two prices. The Realized Loss sums up this value for 
all loss transfers to find the total for the network. A counterpart indicator 
called the Realized Profit deals with the transactions of the opposite type 
(that is, those with a cost basis lower than the latest selling value). Now, 
here is the chart shared by Glassnode that shows the trend in the 7-day moving 
average (MA) of the Bitcoin Realized Loss over the last few years: As 
displayed in the above graph, the Bitcoin Realized Loss has witnessed a sharp 
spike recently, implying investors have participated in a notable amount of 
loss-taking. Something to note is that the version of the metric used by the 
analytics firm here is the &#8220;entity-adjusted&#8221; one, meaning that it only tracks 
transactions occurring between two different entities, rather than just two 
addresses. Glassnode defines an &#8220;entity&#8221; to be a cluster of addresses that it 
has determined to belong to the same owner. In the context of the Realized 
Loss, the entity-adjusted indicator filters out transactions occurring between 
the wallets of the same investor. These naturally never involve a true 
realization of loss (or profit), so removing them from the data provides a 
more accurate representation of the market. Applying for this filtration, the 
7-day MA Realized Loss hit a peak value of $889 million on Wednesday. This is 
the highest single-day spike in the metric since November 2022, when the 
market crashed to the bear market bottom following the collapse of 
cryptocurrency exchange FTX. Related Reading: Social Media Now Talking 
Sub-$60,000 Bitcoin Prices As Fear Rises The latest investor capitulation has 
arrived as Bitcoin has been in freefall, with its price now breaking below the 
$70,000 level. It now remains to be seen whether the loss-taking will sustain 
or if investor panic will subside in the coming days. BTC Price Bitcoin has 
taken a blow of more than 21% over the past week that has taken its price to 
the $66,700 level. Featured image from Dall-E, chart from TradingView.com

Bitcoin Realized Loss Nears $900 Million, Highest Since FTX Crash

Proponents of AI agents say the new technology will simplify crypto trading 
and other financial activities for the average user.

AI platform founded by Crypto.com’s Kris Marszalek launches AI agents

The South Korean exchange said an internal error during a promotional event 
led to brief price dislocations, stressing that no customer assets were lost.

Bithumb confirms reward payout error after abnormal Bitcoin trades

Coinbase adopts Sui token standard, expanding access for institutions and 
retail as SUI rebounds 14% from recent lows.
The post Sui Network partners with Coinbase as exchange adopts Sui token 
standard appeared first on Crypto Briefing.

Cryptocurrency price in BTC