The recent tumble in Bitcoin‘s price has left a bitter aftertaste for many, especially those who bought it recently. According to a recent analysis by Glassnode, the crypto crash that started on February 25 led to more than $2.16 billion in realized losses.
Between February 25 and February 27, traders lost over $2.16 billion due to the crypto crash. The platform broke down the losses suffered by traders based on when they bought Bitcoin and the market impact of the recent crypto crash compared to previous market spikes this year.
Most of these losses came from people who bought Bitcoin within a week before the price crash. On the other hand, people who have held Bitcoin for longer suffered relatively less losses compared to people who bought Bitcoin recently.
📊 Who is realizing the most losses in #Bitcoin’s latest #cryptocrash?
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. 🧵👇
— glassnode (@glassnode) February 27, 2025
Traders who bought Bitcoin within the past week suffered the most losses at $927 million, which is around 42.5% of the total realized losses. The second largest loss came from traders who bought Bitcoin within a month before the price went down, which is $678 million or 31.3% of total losses.
Meanwhile, traders who bought Bitcoin within 24 hours before the crash only made up 14% of the total loss, which is around $322 million. Moreover, traders who bought Bitcoin up to three months before the price dipped contributed 11.9% of total losses or $257 million.
In contrast, people who have held onto their Bitcoin for longer, in the time span between three months to a year before the crash, experienced far less losses compared to the recent buyers. Traders who bought Bitcoin within six months before the price dipped only lost 6.5 million or 0.3% from the total realized losses.
Meanwhile, traders who bought Bitcoin within one year suffered the least amount of losses, with only 0.15% of the total losses or around $3.2 million.
Additionally, Glassnode’s research found that February 26 was the largest single-day crypto crash this year with an aggregated realized loss amounting to $1.13 billion. This number is 25% larger than the previous single-day market drop, on February 3 which amounted to $848 million in losses.
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2025-02-27 15:54