During the current market downturn, Bitcoin investors have experienced the fourth-largest increase in realized losses in 2022. Since Nov. 9, over $1 billion in realized losses has been locked into Bitcoin investors. This is due to panic selling amid high market uncertainty. Bitcoin dropped to $15.592 on November 9, after a bullish rally that reached $21,414 four days earlier on Nov. 5. CryptoSlate analysed on-chain data from Glassnode in order to determine the impact of the current market turmoil on realized profit or losses. The chart below shows the volume realized returns since the beginning of the 2021 bull trend. The higher values indicate a greater daily volume. Red sections signify losses, while green indicates profits. The chart only shows realized profit and loss, meaning that coins were bought at one price and then sold at another. Source: GlassnodeGrayscale Bitcoin Trust Discount RecordsThe Grayscale Bitcoin Trust was also hard hit by the downturn. GBTC trades at a 41% discount on its NAV (Net Asset Value). The investment vehicle began the year with a 17% discount, but has been in a downtrend for the entire 2022. Purchasing shares in GBTC as of press time is equivalent to buying Bitcoin at $9,771.Historically, GBTC has traded at a premium as investors who were unable to buy Bitcoin directly flocked to the investment vehicle to gain exposure to the world’s largest cryptocurrency by market cap. The premium reached over 100 percent in December 2017, and finally turned negative in February 2021. The current price is at an all-time low for the Trust as interest in the product dwindles amid price capitulation.Source: TradingViewGet an Edge on the Crypto Market 👇Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis. Analyse of the chain Price snapshots More context Register now for $19/month to enjoy all the benefits

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