Major corporate cryptocurrency investors Strategy and Bitmine now face staggering unrealized losses exceeding $17 billion combined, according to recent data analysis from deathspiral ...UnrealizedLossAnalysis.
TL;DR... The company reports over $8 billion in unrealized losses but maintains $691 million in cash reserves and total assets of $9.6 billion ... The Cost of BettingEverything on a Single Asset ... However, accumulated unrealized losses exceed $8 billion ... ....
With BTC’s price steadily trending downwards, whale short-term holders are starting to feel the heat, as their unrealized losses sharply increase. Unrealized Losses Climb For Bitcoin’s STH Whales.
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Analytics firm Glassnode has highlighted how the current Bitcoin market pain echoes May 2022 based on the trend in the RelativeUnrealizedLoss. Bitcoin Relative Unrealized Loss Has Shot Up Recently.
Is Buying Bitcoin Now The Right Time? ...BTC Latent Profits Are Fading. Following an analysis of the Bitcoin Net UnrealizedProfit/Loss (NUPL), Darkfost discloses that latent profits are melting away as BTC’s correction expands ... .