Bitcoin holders realize $1.1B in losses – Yet THIS group isn’t rushing out

Bitcoin’s slide toward the $77,553 low has turned paper losses into real losses for many holders. This was evident immediately after the 29th of October shock, when realized profits sat at $464.09 million compared to realized losses of $300.66 million.

The reluctance to sell seemed to give way by the 30th to 31st of October. This was when the price dropped below $80,000. Over those two days, the number of realized losses increased to $1.115 billion.

This represents an increase of more than double the amount of realized profit of $519.15 million.

These increasing differences are indicative of holders who feel compelled to sell their holdings to prevent additional losses. Once they do so, they will add supply and increase the downward pressure on the price of Bitcoin [BTC].

Selling can also help remove weaker market participants from the equation. If further declines continue and put additional downward pressure on demand.

As a result, it could lead to a challenge for demand at the Short Term Holder’s (STH) realized price, which is currently around $75,913.

STH deepens Bitcoin’s selling pressure

That pressure from STH’s is now directed towards recent buyers, who are sending coins to exchanges as losses continue to grow. Over 36,600 BTC were sent to exchanges from STHs within 24 hours.