CryptoQuant: Bitcoin realized P&L indicates a market shift to "loss confirmation," possibly signaling a confirmed bear market

BlockBeats News, January 23, according to CryptoQuant's realized profit and loss data for bitcoin, realized profits for bitcoin have dropped to 2.5 million BTC, the lowest level since March 2024, similar to the level at the start of the last bear market in March 2022.

In addition, since October 2023, bitcoin holders have experienced a net loss for the first time, with cumulative losses reaching 69,000 BTC since December 23. This marks a shift in the market landscape over the past 30 days from profit-taking to loss realization.