Bitdeer discloses Bitcoin holdings remain at 943.1 BTC, with no net increase this week

Analyst: The recent pullback in Bitcoin has led to record-high realized losses, possibly approaching a cyclical bottom.

Crypto analysts point out that Bitcoin's recent pullback has led to a significant increase in realized losses, reaching a new all-time high, similar to the crashes in 2018 and 2020. Currently, market sentiment is bearish, with many holders selling off their assets, which could indicate that a bottom is approaching.

"Bitcoin is dead" search volume hits a record high: Is this a sign of surrender or the true bottom?

Recently, the Bitcoin market has experienced intense volatility, with searches for "Bitcoin is dead" surging to a record high. Bitcoin's price dropped from $126,000 to around $63,000, reducing its market capitalization by over $2 trillion, triggering panic among retail investors. Analysts believe this sentiment may signal the bottom of the market rebound. Despite selling pressure, the market still shows capital resilience, with short-term selling appearing weak. The future of the crypto market is expected to evolve rather than perish.

Data: If BTC drops below $64,765, the total long liquidation strength on major CEXs will reach $1.755 billion.

ChainCatcher Message: According to Coinglass data, if BTC drops below $64,765, the total long liquidation strength on major CEXs will reach $1.755 billion. Conversely, if BTC breaks through $71,013, the total short liquidation strength on major CEXs will reach $1.318 billion.

Spot Bitcoin ETFs See Five Weeks of Net Withdrawals Totaling $3.8B

US spot Bitcoin ETFs have extended a five-week stretch of net outflows, with investors pulling roughly $3.8 billion from the products across the period. The latest weekly snapshot shows continued pressure even as inflows emerged on select days, underscoring a broader de-risking phase among