📊 Who is realizing the most losses in Bitcoin’s latest sell-off?

Between Feb 25-27, over $2.16B in realized losses came from the most recent market entrants.

We break down the losses by age cohorts, contrast with prior peaks, and assess the market impact:

🟠1d-1w cohort: $927M (42.85% of young cohort losses)
🟡1w-1m cohort: $678M (31.3%)
🟣1m-3m cohort: $257M (11.9%)
🔴24h cohort: $322M (14.0%)

Bottomline: The largest capitulations came from those who bought BTC within the past week (‼️)

In contrast, losses among those who held BTC for 3m-6m or longer remain negligible:

🔵3m-6m cohort: $6.5M (0.3% of young cohort losses)
🟢6m-12m cohort: $3.2M (0.15%)

This suggests that those who entered in H2 2024 or earlier are largely holding, while more recent buyers are exiting under pressure.

Across all cohorts, Feb 26 was still the largest single-day sell-off in months, with $1.13B in aggregate realized losses:

🔹Feb 3: $848M (-25%)
🔹Aug 6: $2.02B (+79%)
🔹July 5: $1.3B (+15%)

Realized Loss by Age chart.