Despite relatively flat Bitcoin prices this week, investors locked in significant losses during the choppy market conditions. Around $520 million in losses were realized as prices dipped to $93,000, making this one of the largest capitulation events of the current bull market cycle.

This represents a meaningful flush-out of weaker hands within the broader context of Bitcoin's ongoing uptrend. The only larger one-day loss in this cycle was during the yen-carry trade unwinding on August 5, 2023, which saw $1.3 billion in realized losses.#bitcoin #BTCDipOrRebound #Write2Earn