- Short-term Bitcoin holders face deeper losses than during the FTX collapse.
- Many traders bought near $84K and are now stuck in a slow bleed.
- Despite losses, panic remains low—capitulation may still be approaching quietly.
Bitcoin holders have been quietly hurting for weeks, and the losses just keep stacking up. What started as a slow bleed has now turned into something heavier—worse, even, than the FTX collapse or the sharp dip in early 2024. The hardest hit? Traders who jumped in within the last few months. Many bought high, expecting another breakout. What they got instead was a slow, soul-crushing drag downward.
Short-term Holders Are Taking the Fall
Charts don’t lie. Realized losses for short-term holders have hit -18.4%. That’s just a hair away from the -18.9% bloodbath during the FTX crash. But here’s the strange part—there’s no panic. No stampedes for the exit. Just traders sitting in silence, watching numbers dip and hoping something shifts soon. Most of these traders entered when Bitcoin danced around $84K in March. That price point looked like a golden opportunity at the time.
Instead, many are now sitting in the red, holding bags that feel heavier by the day. Long-term holders have been through storms like this before. But newer BTC traders are stuck in something that feels worse. This loss doesn’t come as a hard slap. It drags. It eats away at morale. Every tick downward chips away at confidence. There’s no clear crash, no bottom in sight—just a slow leak that won’t stop.
A Different Kind of Pain
Back in November 2022, the crypto market was thrown into complete chaos. The FTX collapse hit like a bomb, shaking everything up and leaving liquidity in tatters. It was a shock, and no one really knew where to turn. This time, though, things feel quieter—more measured. Bitcoin is still holding above $80K, and at first glance, the market seems pretty stable. But don’t be fooled—underneath, the pain is still very much there.
The vibe in the market has changed. It’s not the wild panic or excited cheers that we’re used to. Instead, there’s this heavy, almost uncomfortable silence, and no one seems to know what to do with it. Traders keep asking themselves the same question—how long is this going to last? It’s a waiting game, and it’s not clear when the next move will come.
But here’s the thing: sometimes, that quiet can be more dangerous than a crash. It’s easy to think the biggest risk is a loud, dramatic drop. But more often than not, it’s the slow, steady decline that wears people down. If history’s any indication, we might not be out of the woods yet. Capitulation could be lurking just ahead, waiting for one more shakeout to test everyone’s patience.
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- Source: https://cryptonewsland.com/bitcoin-takes-a-hit/
