Realized losses outpace profits amid market turbulence after Binance, Coinbase lawsuits

Quick Take

• In the past four days, Glassnode data suggests that Bitcoin holders have seen greater realized loss-taking than realized profit.
• Realized losses did get smaller throughout the week of June 5, suggesting the Binance lawsuit was a bigger trigger for selling than the Coinbase lawsuit from the SEC.
• Considering the SEC sued the two biggest crypto exchanges, the data suggests the news isn’t affecting investors as much.
• Realized losses total $798 million, while realized profits amount to $611 million in the last four days.

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