Bitcoin investors record first realized losses in over two years

Source: Criptonoticias Original Title: Bitcoin Investors Record First Realized Losses in Over Two Years Original Link: https://www.criptonoticias.com/mercados/inversores-bitcoin-registran-primeras-perdidas-realizadas-dos-anos/

• Bitcoin has experienced net losses for 30 days since late December.
• The price of bitcoin has fallen 6% in the last week.

Bitcoin investors (BTC) are recording net realized losses over a consecutive 30-day period. A capitulation streak not seen since late 2023.

This trend is clearly reflected in on-chain metrics, driven by short-term investors who bought in the $98,000 to $100,000 range. They are now selling at a loss as the price fluctuates between $89,000 and $95,000.

In this way, the 30-day realized profit and loss metric dropped below zero, indicating that coins moved on-chain during the last month were sold, on average, below their purchase price.

This is an indicator that does not necessarily imply a price decline, but suggests that selling pressure is increasingly coming from investors who bought at higher levels.

In 2026, scenarios from 2023 are repeating.

It becomes evident that after reaching the all-time high of $126,000 in October 2025, bitcoin’s correction in early 2026 has forced out those seeking quick profits. This purge phenomenon is a constant in bitcoin cycles.

Buyers who entered out of FOMO (fear of missing out) tend to cede their positions to panic, transferring value into hands with greater conviction.

All of this occurs in a context where the ownership structure of BTC is undergoing a historic change. For the first time in the history of the digital asset, new whales represent a larger share of realized market capitalization than the long-term old whales.

It then happens that, although sectors that entered the market more recently (2024 and 2025) are throwing in the towel, there is massive capital absorption by other major players. Among these are exchange-traded funds (ETF) and companies with bitcoin treasuries.

There are prospects for technical recovery

History suggests that these periods of financial stress often precede new accumulation phases.

Such a situation occurred in the late 2023 pattern, with net loss indicators below zero. There is a direct similarity with the current 2026 scenario. In that cycle, once speculator capitulation ended, the price began its parabolic rise.

It is a cleansing process that, for most analysts, is currently eliminating excessive unwarranted optimism. This stabilizes the price base for what could be the prelude to new upward movements.