{"id":517552,"date":"2022-11-29T01:20:35","date_gmt":"2022-11-28T22:20:35","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-capitulations-abound-data-shows-realized-and-unrealized-losses-at-record-highs\/"},"modified":"2022-11-29T01:20:35","modified_gmt":"2022-11-28T22:20:35","slug":"bitcoin-capitulations-abound-data-shows-realized-and-unrealized-losses-at-record-highs","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-capitulations-abound-data-shows-realized-and-unrealized-losses-at-record-highs\/","title":{"rendered":"# Bitcoin capitulations abound \u2014 Data shows realized and unrealized losses at record-highs"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35c4f1858e9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35c4f1858e9\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-capitulations-abound-data-shows-realized-and-unrealized-losses-at-record-highs\/#%E2%80%9D_Bitcoin_capitulations_abound_%E2%80%94_Data_shows_realized_and_unrealized_losses_at_record-highs_%E2%80%9C\" >&#8221; Bitcoin capitulations abound \u2014 Data shows realized and unrealized losses at record-highs &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-capitulations-abound-data-shows-realized-and-unrealized-losses-at-record-highs\/#Bitcoins_realized_losses_fourth_largest_on_record_while_unrealized_losses_increase\" >Bitcoin\u2019s realized losses fourth largest on record while unrealized losses increase<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-capitulations-abound-data-shows-realized-and-unrealized-losses-at-record-highs\/#Block_times_slow_down_as_Bitcoin_miners_struggle\" >Block times slow down as Bitcoin miners struggle<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_capitulations_abound_%E2%80%94_Data_shows_realized_and_unrealized_losses_at_record-highs_%E2%80%9C\"><\/span>&#8221; Bitcoin capitulations abound \u2014 Data shows realized and unrealized losses at record-highs &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-b8b12140>Being three weeks removed from the FTX collapse, Bitcoin (BTC) analysts are combing through data to decipher whether more selling will continue or if a bear market floor has been reached.\u00a0<\/p>\n<p>One thing miners, short-term and long-term holders have in common is they are losing in the Bitcoin market right now. <\/p>\n<p>According to on-chain analysis from Glassnode, the scale of both realized and unrealized losses amongst Bitcoin holders is one of the heaviest capitulation events in BTC\u2019s history. Capitulation is hindering all groups from the increasing number of bankruptcies and dwindling miner revenue. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoins_realized_losses_fourth_largest_on_record_while_unrealized_losses_increase\"><\/span>Bitcoin\u2019s realized losses fourth largest on record while unrealized losses increase<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>November recorded $10.8 billion in 7-day realized losses for Bitcoin. The largest recorded realized loss in Bitcoin\u2019s history is June 2022 when $19.8 billion was recorded. Such losses show that a large volume of Bitcoin has changed hands at discounted prices.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-11\/0dbf15d4-f502-4239-9035-bb12f49ba632.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin realized 7-day losses. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p>A popular crypto investing saying is \u201cyou cannot lose if you do not sell.\u201d Unrealized losses track the entire Bitcoin market versus total market capitalization. The November 2022 56% unrealized loss is the largest in the current bear market. In 2014-2015, unrealized losses hit an all-time high for Bitcoin holders at 86%. The current unrealized losses are the fourth largest in Bitcoin\u2019s history.<\/p>\n<p>According to Glassnode analysts: <\/p>\n<blockquote><p>\u201cThis metric has recently peaked at 56%, which is the highest for this cycle, and comparable to prior bear market floors.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-11\/11fe7dd6-79a9-4e9e-9fa9-d05354e82e61.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin unrealized losses 7-day moving average. Source: Glassnode<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Block_times_slow_down_as_Bitcoin_miners_struggle\"><\/span>Block times slow down as Bitcoin miners struggle <span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin investors are not the only group capitulating in the current market. Bitcoin miners are struggling to remain profitable with the depressed prices.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">There it is. Hash Ribbon miner capitulation confirmed. Triggered by the $10B FTX fraud and subsequent collapse, Bitcoin miners are now going bust and Hash Rate is trending down. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/TorX7PzrNu\">pic.twitter.com\/TorX7PzrNu<\/a><\/p>\n<p>\u2014 Charles Edwards (@caprioleio) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/caprioleio\/status\/1597238466881822721?ref_src=twsrc%5Etfw\">November 28, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Since Bitcoin miners are under pressure to remain financially viable, this affects the BTC mining hash rate. A reduction in Bitcoin\u2019s hash rate slows down BTC transactions. According to HashRate Index, block times reached over 11 minutes. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin&#8217;s hashrate is dropping like a rock\u2198\ufe0f<\/p>\n<p>Bitcoin&#8217;s 7-day average hashrate is currently 236 EH\/s, a 14% decrease from its 274 EH\/s ATH<\/p>\n<p>Block times are sluggish as a result: 11 minutes and 12 seconds on average this epoch<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/JN7OmpJ8X0\">https:\/\/t.co\/JN7OmpJ8X0<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/ckxqEqOGqX\">pic.twitter.com\/ckxqEqOGqX<\/a><\/p>\n<p>\u2014 Hashrate Index (@hashrateindex) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashrateindex\/status\/1597255151081115648?ref_src=twsrc%5Etfw\">November 28, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Despite the current challenges, analysts believe that capitulation is healthy for starting the next bull run. Glassnode notes:<\/p>\n<blockquote><p>\u201cOne consistent event which motivates the transition from a bear back towards a bull market is the dramatic realization of losses, as investors give up and capitulate at scale.\u201d<\/p><\/blockquote>\n<p>With so many groups currently at a loss at this stage of the bear market post-FTX collapse, Bitcoin and overall market sentiment will need to improve to spur new money to drive a bull run. Without improved sentiment, the capitulation may not match previous Bitcoin cycles. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<p class=\"post-content__disclaimer\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-capitulations-abound-data-shows-realized-and-unrealized-losses-at-record-highs\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin capitulations abound \u2014 Data shows realized and unrealized losses at record-highs &#8220; Being three weeks removed from the FTX collapse, Bitcoin (BTC) analysts are combing through data to decipher whether more selling will continue or if a bear market floor has been reached.\u00a0 One thing miners, short-term and long-term holders have in common&#8230;<\/p>\n","protected":false},"author":1,"featured_media":517553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvNDY5MmU0ZjctM2Y0MS00Y2ZmLThlOWUtNTc5ZTM3NDgzZTJhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,74937,74863,74860,74939,73711,73785],"class_list":["post-517552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-bitcoin-price","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-market-analysis","tag-investments","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/517552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=517552"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/517552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/517553"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=517552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=517552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=517552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}