Approximately $200M of realized losses occurred on Feb. 9 in Bitcoin
Definition
- Net Realized Profit/Loss is the net profit or loss of all moved coins and is defined by the difference between Realized Profit and Realized Loss.
- Realized Profit denotes the total profit (USD value) of all moved coins that were cheaper before their last movement than the price at the current movement.
- Realized Loss denotes the total loss (USD value) of all moved coins that were priced higher at their last movement than the price at the current movement.
Quick Take
- Bitcoin (BTC) dropped 3.9% in the past 24 hours following Kraken’s settlement with the SEC.
- Bitcoin saw a realized loss of $200 million and a realized profit of $184 million on Feb. 9.
- The total net realized loss stands at $16.2 million.
- This suggests liquidations were the main driver of negative price action.
Net realized profit/Loss: (Source: Glassnode)
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