{"id":15552,"date":"2022-12-06T00:07:35","date_gmt":"2022-12-06T00:07:35","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoin-price-recovery-possible-after-record-realized-losses-and-leverage-flush-out-create-a-healthier-market\/"},"modified":"2022-12-06T00:07:37","modified_gmt":"2022-12-06T00:07:37","slug":"bitcoin-price-recovery-possible-after-record-realized-losses-and-leverage-flush-out-create-a-healthier-market","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoin-price-recovery-possible-after-record-realized-losses-and-leverage-flush-out-create-a-healthier-market\/","title":{"rendered":"Bitcoin price recovery possible after record realized losses and leverage flush out create a healthier market"},"content":{"rendered":"
Bitcoin (BTC) price is showing notable resilience at the $17,000 level, and according to data from Glassnode, a number of metrics that track the pace of selling and the on-chain behavior of investors are beginning to show a reduction in the factors that trigger sharp sell-offs.<\/p>\n
The FTX bankruptcy fueled a historic sell-off resulting in $4.4 billion in realized Bitcoin losses. By analyzing realized losses with the daily weighted average metric, Glassnode analysts found that the on-chain losses are subsiding.<\/p>\n
According to Glassnode, Bitcoin hit an all-time low in the realized profits versus losses ratio. Toward the end of the most recent bull market, realized losses were 14 times larger than profits, which historically coincided with a positive market shift.<\/p>\n