Analysis: Bitcoin Holder Realized Loss Peak 19% Higher Than 2022 Cycle, Selling Pressure Eased but Demand Recovery Insufficient
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Analysis: Bitcoin Holder Realized Loss Peak 19% Higher Than 2022 Cycle, Selling Pressure Eased but Demand Recovery Insufficient
CryptoQuant analyst Axel Adler released a weekly report analysis stating that Bitcoin's current bear market phase has witnessed the largest scale of holder realized losses in history. The peak of the February 2026 realized loss 30-day moving average (30DMA) reached $1.37 billion, 19% higher than the 2022 cycle high of $1.15 billion. Data shows that since the February peak, Bitcoin realized losses have decreased by 56.5%, currently dropping to approximately $597 million; meanwhile, the scale of realized profits has only slowly recovered to $257 million. Axel Adler pointed out that loss-driven selling pressure has significantly weakened, but the market has not yet seen a sustained demand recovery, and the speed of loss decline is still faster than the speed of profit rebound. Axel Adler believes that profit selling pressure has dropped significantly, and the volume of coins sold at profit remains at a low level in this cycle, but this does not mean that sellers are completely exhausted, nor does it represent that market demand has recovered. If realized profits continue to rise above $400 million to $500 million, it will better confirm that the market is showing sustained improvement.
Navigating Web3 tides with focused insightsTechFlow news, July 24, CryptoQuant analyst Axel Adler released a weekly report analysis stating that Bitcoin's current bear market phase has seen the largest scale of holder realized losses in history, with the February 2026 Realized Loss 30-day Moving Average (30DMA) peak reaching $1.37 billion, 19% higher than the 2022 cycle high of $1.15 billion. Data shows that since the February peak, Bitcoin realized losses have decreased by 56.5%, currently dropping to approximately $597 million; meanwhile, the Realized Profit scale has only slowly recovered to $257 million. Axel Adler pointed out that loss-driven selling pressure has significantly weakened, but the market has not yet seen a sustained demand recovery, and the rate of decline in losses remains faster than the rate of profit recovery.
Axel Adler believes that profit-taking sell pressure has dropped significantly, and the volume of coins sold at a profit is still at a low level in this cycle, but this does not mean that sellers are fully exhausted, nor does it represent that market demand has recovered. If Realized Profit continues to rise above $400 million to $500 million, it will better confirm that the market is showing sustained improvement.
