Bitcoin traders ‘excess loss-realization’ may push BTC price below $44K

Bitcoin price dropped 25% in 2022 and 50% in 2018 after similar on-chain loss signals, a warning sign for BTC’s next move.

Bitcoin (BTC) traders are selling at a loss for the first time since 2022, raising odds that the biggest cryptocurrency’s ongoing price correction may deepen in the coming weeks.

Key takeaways:

Bitcoin is witnessing loss-driven selling that has historically lasted six months or more.

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