According to data from Glassnode, short-term Bitcoin investors are taking the heaviest losses since the FTX collapse. Nearly 99% of buyers within the last 155 days are currently underwater, with more than 5.4 million BTC bought at the top — causing the price to fall even harder as fear spreads and investors panic-sell.

Retail sentiment is also extremely weak, with over 2.1 million BTC flowing into Binance, while Spot ETFs are seeing heavy outflows: $2.33 billion from Bitcoin ETFs and $1.24 billion from Ethereum ETFs. $BTC $ETH $ASTER

ASTERUSDT

Perp

1.0619

-2.61%

ETHUSDT

Perp

3,030

+0.88%

BTCUSDT

Perp

91,381.9

+0.42%