Bitcoin’s been through the wringer lately, with price drops triggering panic-selling left and right.
But Glassnode thinks we might be seeing the light at the end of this chaotic tunnel. They’re talking about seller exhaustion, guys.
#Bitcoin investors have locked in losses of up to $240M over 6-hour windows during the recent drawdown, among the largest of the cycle. Yet with each leg lower, realized losses are shrinking – suggesting early signs of seller exhaustion. pic.twitter.com/5CnRLdulnK
— glassnode (@glassnode) April 11, 2025
The realized loss drama
First, let’s talk numbers, because Glassnode’s got this fancy metric called Realized Loss.
It’s like a ledger for pain, it tracks how much money Bitcoin investors are losing when they sell their coins for less than they originally paid. Think of it as a receipt for regret.
Now, here’s where it gets interesting, as during February and March’s bearish chaos, this metric hit massive spikes.
Investors were dumping their coins like hot potatoes, realizing huge losses in the process. Fast forward to today, and while there’s still capitulation happening thanks to tariff-related FUD, those loss spikes are visibly smaller.
Glassnode thinks this could mean sellers are running out of steam, like a boxer who’s thrown too many punches and is finally slowing down.
This is the Bitcoin bottom?
If sellers really are exhausted, Bitcoin might be nearing its bottom, so this could be the moment where things start to stabilize.
Glassnode isn’t promising a miracle, but they’re hinting at it. And hey, in crypto market, hope is worth its weight in digital gold.
Now let’s take a detour into altcoin territory. Remember when their market cap hit $1 trillion in December 2024? Good times. But today?
Meanwhile, altcoin market cap (excl. $BTC, $ETH, stables) has fallen from $1T in Dec 2024 to $583B, a 42% decline. Assets further out on the risk curve have shown heightened sensitivity to liquidity shocks, leading to severe sector-wide devaluation. pic.twitter.com/lHWTCZLNLv
— glassnode (@glassnode) April 11, 2025
It’s shrunk to $583 billion. Glassnode says alts have been extra sensitive to liquidity shocks, leading to brutal devaluations across the board.
It’s like watching your favorite underdog team lose every game, they just can’t catch a break.
BTC price
Bitcoin itself has been trying to claw its way back up. After dipping hard, it’s now sitting at around $82,000 in the time of writing, a glimmer of recovery in an otherwise stormy sea.
So are we out of the woods? Not quite. Seller exhaustion might signal a turning point for Bitcoin, but don’t expect fireworks just yet. As for alts?
They’re still licking their wounds from liquidity shocks. In the world of crypto, patience isn’t just a virtue, it’s survival gear.
Have you read it yet? Altcoins are finally ready for a comeback?
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