Bitcoin turns to net loss after about a year... Analysis of 'signal of entering a bear market'

2026-01-24 01:38:19

Source: DigitalToday Original Title: “Bitcoin Turns to Net Loss After About a Year… ‘Signal of Entering a Bear Market’ Analysis” Original Link:

On-chain analysis firm CryptoQuant(CryptoQuant) announced that for the first time since October 2023, Bitcoin investors’ realized gains and losses have turned negative.

Over the past 30 days, Bitcoin holders have realized a total loss of approximately 69,000 BTC. This indicates that the market sentiment, which was previously centered on profit-taking, has shifted into a loss-acceptance zone, showing a structural change in investor psychology.

CryptoQuant analyzed this as a sign that the bull market is ending. In particular, the formation of consecutive lows in January 2024, December 2024, July 2025, and October 2025 suggests that price momentum is gradually weakening.

On an annual basis, realized gains have decreased to around 2.5 million BTC, reaching the lowest level since March 2024. Meanwhile, realized losses are increasing, showing a pattern similar to the early stages of the 2022 bear market. This closely resembles the transition from a bull to a bear market in 2021–2022.

CryptoQuant stated, “When Bitcoin is transferred, the profit or loss is calculated by comparing the previous transfer price with the current price,” adding, “All transfers can be verified on-chain.”

BTC-2,24%

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