Long-Term Bitcoin Holders Realize $280M in Losses Daily, Highest Since December 2022

According to Glassnode's latest weekly report cited by ChainCatcher, Bitcoin has traded below real market value and short-term holder cost basis for the past five months, remaining in a deep value zone as the market's bottom-forming process continues. Long-term holders have realized losses accounting for 43% of total realized value, with recent daily average loss-taking peaks reaching $280 million, the highest level since December 2022, indicating that selling pressure has yet to ease significantly.

The data suggests the market is in the latter stages of establishing a bottom, though the process remains incomplete.