π¨ $BTC LTH Realized Loss Update
Entity-Adjusted Long-Term Holder (LTH) Realized Loss (30D SMA) has surged to ~$280M per day β the highest level since December 2022, marking the second major capitulation event of this bear market. ππ΄
Unlike the first capitulation spike, which was followed by a noticeable cooldown, the current wave of losses remains elevated with no meaningful contraction yet.
That 10,000 $BTC buy still hits hard π¨
In 2011, 10,000 BTC cost just $7,800 at $0.78 each.
14 years later, that same stack sold for $1B.
Crypto rewards conviction. While weak hands chase pumps, true believers sit through the noise. π