Roughly $200M of realized losses occurred on Feb. 9 in Bitcoin
meaning
- Net Realized Profit/Loss is the net profit or loss of all coins moved and is defined by the difference between realized profit and realized loss.
- Realized Profit shows the total profit (USD value) of all moved coins that were cheaper than the current move price before the last move.
- Realized Loss shows the total loss (in USD value) of all moved coins that were set higher than the price of the current move in the last move.
quick take
- Bitcoin (BTC) has fallen 3.9% over the past 24 hours after Kraken settled with the SEC.
- Bitcoin posted a realized loss of $200 million and a realized gain of $184 million on February 9th.
- Total net realized losses are $16.2 million.
- This suggests that liquidation is the main driver of negative price action.
This post first appeared on CryptoSlate on February 9, with a realized loss of about $200 million in Bitcoin.