Are Bitcoin holders caught in a net loss cycle? The short-term stop-loss trend versus institutional rationality

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【Crypto World】Since October last year, Bitcoin holders have experienced their first collective net loss. Over the past 30 days, the total loss has reached 69,000 BTC, equivalent to approximately $6.18 billion. The current BTC trading price hovers around $89,700, sending a warning signal to the market.

CryptoQuant’s analysis team pointed out that this situation is somewhat similar to the trend in March 2022, suggesting that short-term holders are engaging in large-scale stop-loss actions, which may indicate that the bull market is about to encounter changes. However, not everyone agrees with this assessment.

Sean Dawson from Derive offered a different interpretation. He believes that the decline in net profit and loss reflects not an imminent market collapse, but rather that mature investors are managing risks more rationally. Instead of being a danger signal, it signifies an upgrade in market structure. He emphasized that the real leverage influencing Bitcoin prices lies on the macro side—the Federal Reserve’s policy direction and US debt pressures are the key factors.

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OnChainDetectivevip
· 01-26 05:07
ngl, that 69k btc dump pattern is sus... lemme trace through the wallet clusters real quick because something doesn't add up with the "institutional rationality" narrative here. historical data suggests this mirrors early capitulation more than sophisticated risk management tbh
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FalseProfitProphetvip
· 01-25 19:44
69,000 Bitcoins lost? This is just a shakeout, friends. Institutions are accumulating. Short-term retail investors cut losses, long-term big players are taking profits. Old trick. That same move in 2022, and looking back, it’s so satisfying. Sean Dawson is right; this is not a warning sign, but an upgrade signal. Net losses are actually a bottom indicator. Do you understand? Just hold on and don’t follow the herd to sell. Macro factors determine everything. The Federal Reserve is the real big player. Whoever sells now will regret it. Just watch.
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SchrodingerGasvip
· 01-23 06:45
Net loss of 69,000 BTC? Just looking at this number, you can tell retail investors are taking losses; on-chain evidence has been clear for a while. Haven't you learned your lesson from March 2022 yet?
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DataBartendervip
· 01-23 06:41
6.9 billion USD loss, sounds scary, but think about it carefully—aren't this just the old trick of retail investors getting wiped out by institutions? --- I remember the wave in March 2022, and what was the result? It rebounded anyway... Honestly, what's different this time? --- Sean is right, mature investors are steady; it's normal for retail investors to panic and overreact. --- Net loss, 88, is there still someone willing to buy? It's a bit hard to hold on. --- Stop scaring people. Let's just see what the Federal Reserve does next; everything else is just talk.
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GasFeeCriervip
· 01-23 06:39
Here comes the same old story of net losses, a familiar opening line Are hodlers really panicking this time or just pretending to stay calm Sean is right, institutions are staying calm while retail investors are cutting losses, this is just routine operation 69,000 BTC fleeing... sounds like a number, but it's actually a game of mentality Rather than fixating on comparing to 2022, it's better to see how the Federal Reserve will actually act this round
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CryptoHistoryClassvip
· 01-23 06:39
...so we're doing the "this time is different" playbook again, yeah? *checks notes* ah yes, 2022 march vibes, institutional smart money vs retail panic selling, rinse repeat. who's actually capitulating here tho
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