BTC losses are easing in sign of market improvement after sell-off

The Bitcoin market is showing signs of improving sentiment as the scale of investor losses gradually decreases, according to an analysis by crypto analyst Darkposk. In a contribution to CryptoQuant, Darkposk noted that while realized losses still exceed realized profits amid growing macroeconomic uncertainty, the situation has improved. Currently, BTC realized losses stand at approximately $611 million against realized profits of $364 million, resulting in a net loss of $264 million. This is a marked improvement from Feb. 7, when a drop below $60,000 led to a weekly average net loss of about -$2 billion, signaling a large-scale sell-off. Darkposk added that short-term holders (STH) are the most active market participants, with their share of the total supply increasing from 12% in January 2023 to 22% at present. The recent price resilience is encouraging investors to hold or make additional purchases, contributing to the current sideways trend. A return to a positive net profit/loss could be a significant signal of market recovery after a sell-off that has lasted for more than four months.