Roughly $200M of realized losses occurred on Feb. 9 in Bitcoin – CryptoNewsTo

Roughly $200M of realized losses occurred on Feb. 9 in Bitcoin


Definition

  • Net Realized Profit/Loss is the net profit or loss of all moved coins and is defined by the difference between Realized Profit and Realized Loss.
  • Realized Profit denotes the total profit (USD value) of all moved coins that were cheaper before their last movement than the price at the current movement.
  • Realized Loss denotes the total loss (USD value) of all moved coins that were priced higher at their last movement than the price at the current movement.

Quick Take

  • Bitcoin (BTC) dropped 3.9% in the past 24 hours following Kraken’s settlement with the SEC.
  • Bitcoin saw a realized loss of $200 million and a realized profit of $184 million on Feb. 9.
  • The total net realized loss stands at $16.2 million.
  • This suggests liquidations were the main driver of negative price action.
Net realized profit/Loss: (Source: Glassnode)
Net realized profit/Loss: (Source: Glassnode)

The post Roughly $200M of realized losses occurred on Feb. 9 in Bitcoin appeared first on CryptoSlate.



Source link