$AAPL.US Bitcoinâs current bear market is becoming one of the most painful periods in the assetâs history.
According to recent on-chain analysis, realized losses in the current cycle have already surpassed the levels seen during the 2022 bear market. If Bitcoin has not yet reached its final bottom, total realized losses could be around $216 billion â potentially making this the largest realized-loss event ever recorded during a Bitcoin bear market. ïżœ
KuCoin
That number tells us something important: a huge amount of capital has already been lostby investors who sold their Bitcoin during the downturn.
But the biggest question now is not simply how much has been lost.
The real question is: Have we already seen the bottom?
If the market bottom was actually reached around July 1, the 2022 bear market could still remain the more severe cycle in terms of
capital destruction. But if another major leg lower occurs, the current cycle could officially become Bitcoinâs most significant realized-loss event on record. ïżœ
KuCoin
From my perspective, this is exactly why the next phase of Bitcoin could be extremely important.
Heavy realized losses can show that weak hands have already capitulated, but they do not guarantee that the bottom is in. Bitcoin still needs to rebuild confidence, attract fresh capital and prove that buyers are willing to step back into the market.
Are we witnessing the final stage of the bear market â or could Bitcoin still have another major move lower?
Iâm watching this one very closely.
What do you think â Has BTC already found its bottom? đâĄïžđ
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