glassnode: Bitcoin holders have realized losses hitting a new high since the FTX collapse, with short-term holders dominating the sell-off.

Foresight News reports that, according to glassnode analysis, the realized losses of BTC holders have risen to the highest level since the FTX collapse, with short-term holders being the main drivers of this selling wave. The scale and speed of these losses reflect that as recent buyers close positions during the decline, marginal demand has significantly decreased.