PANews reported on December 12 that according to CryptoSlate, Glassnode data showed that Bitcoin realized a loss of up to $195 billion in 2022, which is almost twice the realized profit. This means that some holders sold their BTC at a price lower than the purchase price. The two largest losses occurred during the Terra crash in May and June, when investors lost more than $14 billion and $20 billion, respectively.

Furthermore, investors still realized $105 billion in profits in 2022, most of which came from long-term holders who held Bitcoin for more than 18 months. Profit realization decreases over time due to price declines.