Bitcoin’s been getting hammered lately, with over $2.75 billion in realized losses happening in just three days. That’s the kind of number you see when people are actually giving up and selling, not just taking minor profits.
On-chain data shows short-term holders are basically breaking even after Bitcoin fell below their $113K entry point. When you see capitulation like that, it usually means the weak money is leaving the market and stronger hands are either sitting tight or accumulating. The realized loss spike is the highest we’ve seen since April, confirming this is a serious shakeout.
That brief bounce to $110K last week? Don’t trust it. It was driven by a sudden rush of liquidity that didn’t have solid buying behind it. Once the market turned, nearly $1 billion in liquidations happened, which tells you overleveraged traders got blown up. It was basically a bull trap that sucked in late buyers before things fell apart again.
The real worry now is whether $100K actually holds. Bitcoin’s been pulling back 8% for the week, and bid depth is getting thinner, which means there’s less buying support underneath. If it breaks below $100K, there’s not much stopping it from going lower.
On-chain metrics right now scream capitulation. The market’s stuck in a bear-controlled phase where real demand is hard to find and every bounce gets sold into.
Conclusion
Bitcoin’s sharp losses, fading liquidity, and weak buyer support signal deep capitulation. Unless $100K holds, further downside seems likely as short-term holders exit and stronger hands cautiously wait for true accumulation to return.
Also Read: Bitcoin Falls
