Bitcoin Market Sees First Net Loss in Years, Bull Cycle May Be Peaking

Bitcoin Investors See First Net Loss in Over Two Years

New data from CryptoQuant reveals a significant shift in the Bitcoin market - investors are experiencing net losses over a 30-day period for the first time since 2023. This marks a fundamental change in market dynamics from profit-taking to loss-realization.

Short-Term Holders Accelerate Exit

CryptoQuant founder Ki Young Ju noted that 'Bitcoin tourists' are now selling at a loss, indicating weakening confidence among short-term investors. The data shows cumulative net losses amounting to approximately 69,000 BTC during this cycle.

On-Chain Metrics Reveal Market Health

• Realized Net Profit/Loss indicator turns negative
• Signals widespread loss realization across the market
• Provides key health indicator for market assessment

With Bitcoin trading down nearly 1% at $89,700, the total loss volume reaches approximately $618 million. These developments provide critical signals for investors monitoring market conditions.