“This Year’s AVERAGE PURCHASE PRICE IS AROUND $ 97.880, Leaving Investors Facing An Almost 20% Unreadized Loss at Current Prices.”, – WRITE: www.coindesk.com
The Last Time The Largest Cryptocurrency Fell As Much As June 2022, WHEN IT FELL BY More Than A Third. This Week Alone, BTC HAS DROPPED ALMOST 18%, THE STEEPEST SLIDE SINCE The Week Ended Nov. 13 of the Same Year.
The Slide Leaves Investors Who’ve Boughtcoin This Year Severly Underwater. The AVERAGE PURCHASE PRICE IS SINCE The START OF JANUARY $ 97,880, and BTC DROPPED BLOW $ 80,000 Earlier Friday, LEAVING AVERAGE BUYER SOME 18% WORSE OFF.
Historically, this isn’t Entirely unusual. INVESTORS OFFEN Face Some Unrealized Losses at the Start of the Year. It HapPens WHEN The PRICE OF BITCOIN FALLS BLOW The COST BASIS OF THE RECIPIENTS BEFORE RECOVERING LATER IN THE YEAR.
On -chain Data Indicates that Realized Losses escalated as the price fell. Over The Past Three Days, About $ 1 Billion in Realized Losses Have Been Recorded Daily – The Most Since August’s Yen Carry Trade Unwind, WHEN BITCOIN FELL TO $ 49,000.
Additionally, A WHOping $ 1.1 Trillion Has Been Wiped Off The Crypto Market Cap, Taking the Total to $ 2.59 Trillion, Accounting To Tradingview Metric, Total.
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