TechFlow News, April 12: According to a CoinDesk report, on-chain data indicates that Bitcoin seller pressure is gradually easing, suggesting the market may be approaching a seller exhaustion phase.
Per CheckOnChain data, Bitcoin’s current realized loss stands at approximately $400 million per day—a sharp decline from previous peaks. Realized losses previously surged to roughly $2 billion per day on November 21 last year and February 5 this year—reaching multi-year highs exceeding levels observed during the 2022 bear market. CheckOnChain noted, “The spot market is shifting from aggressive selling toward net buying pressure, with both realized profit and realized loss trending downward.”
Glassnode data corroborates this trend. Using a seven-day moving average, realized profit stands at around $300 million per day—near a 12-month low—indicating investors who accumulated positions near $60,000 are now realizing modest profits and beginning to take profits incrementally. Meanwhile, the realized profit-to-loss ratio has risen to 1.4—the highest level since January this year—signifying that current realized profit now exceeds realized loss.
Since bottoming out near $60,000 on February 5 this year, Bitcoin has undergone over two months of consolidation, with price gradually climbing toward the $70,000 range.
