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CryptoSlate’s evaluation of Glassnode charts confirmed that Bitcoin’s (BTC) realized losses in 2022 have been nearly twice the scale of realized revenue.
Bitcoin realized losses high $195 billion
In accordance with the chart, Bitcoin had a realized lack of $195 billion in 2022. Which means that a number of holders bought their BTCs for lower than they purchased them. Most of those losses occurred in February, Could, June, and November.
![Bitcoin's realized loss](https://cryptoslate.com/wp-content/uploads/2022/12/realized-loss.png)
These durations are important as numerous occasions starting from the Russian-Ukraine conflict to the failure of crypto initiatives like Terra’s UST, led to large sell-offs leading to these losses.
The 2 highest capitulations in 2022 occurred throughout Terra’s implosion in Could and June. Traders misplaced over $14 billion and $20 billion, respectively.
Terra ecosystem’s collapse birthed a contagion that resulted within the eventual collapse of crypto companies like Celsius, Voyager DIgital, Three Arrows Capital, and a number of other others. Additionally, the worldwide economic system confronted record-high inflation, forcing the Fed to extend rates of interest considerably.
Bitcoin skilled its worst month throughout this era, because it shed round 40% of its worth inside 30 days.
In the meantime, the FTX collapse in November additionally led to a file lack of over $10 billion in seven days for BTC holders -this was the third-largest capitulation within the yr. This occasion led to an enormous withdrawal of the flagship digital asset from centralized exchanges as traders started to favor self-custodial companies.
CryptoSlate reported that traders suffered extra realized losses from the FTX fallout than they did from the collapse of Luna.
![Bitcoin Realized Loss](https://cryptoslate.com/wp-content/uploads/2022/12/realized-losses.jpg)
The fourth main capitulation occurred in February after Russia invaded Ukraine. Promote-offs on the time resulted in over $9 billion in losses. Studies emerged that Bitcoin traded at a premium as excessive as $20,000 on Russian exchanges.
In abstract, BTC traders’ capitulation in 2022 resulted from macroeconomic and industry-specific components that don’t precisely communicate to the worth of Bitcoin.
Bitcoin realized revenue is $105 billion
In the meantime, traders nonetheless realized income of $105 billion in 2022, most of which got here from long-term holders holding BTC for over 18 months.
![Bitcoin Realized Profits](https://cryptoslate.com/wp-content/uploads/2022/12/realized-profit.png)
Notably, the realized income decreased because the yr progressed as a result of declining costs. BTC’s realized positive factors peaked in February and April when traders that bought revamped $7 billion in income. Bitcoin traded round $40,000 in each months.
With the value declining in subsequent months, income for traders that have been promoting additionally diminished. The bottom realized positive factors in 2022 was $500 million recorded in December 2022, when BTC principally traded under $17,000.
![Bitcoin Realized Profits](https://cryptoslate.com/wp-content/uploads/2022/12/realized-profit-1.png)