Bitcoin Update :::: Bitcoin Investors Swallow $3.2B in Losses, Surpassing Luna and FTX Sell-Offs

saqibhashmi22 (44)in Korea • 한국 • KR • KO • 2 months ago

Bitcoin just took a pretty hard hit, dropping about 10% to hover near $64,000—its lowest point since late 2024. All that recent excitement, especially after the Trump election rally, just fizzled out.

But here’s where things get wild. This wasn’t just another price dip. Investors rushed to sell and locked in a staggering $3.2 billion in losses on February 5, according to on-chain analyst Murphy. That’s not something you see every day, even in crypto.

Murphy didn’t beat around the bush. He called it straight-up capitulation. The losses people realized during this crash actually topped what we saw during the Luna and FTX disasters. In other words, this was a bigger wave of panic selling than some of the worst moments in Bitcoin’s history.

So yeah, it’s been a rough stretch. The market just watched a huge chunk of value—and a lot of optimism—vanish in a single day.