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Due to the prevailing bearish trend in the market, bitcoin investors suffered huge losses in 2022.
According to research firm Glassnode, over the past 365 days, bitcoin owners have lost $213 billion by selling coins at a price below the purchase price. At the same time, during the bullish rally between 2020 and 2021, traders earned a profit of $ 455 billion.
As a result of the downward trend that began at the end of 2021, investors lost 47% of the profit received during the rise in the BTC price. Due to the downturn in the market from 2018 to 2019, Bitcoin buyers went negative by $56 billion, which is 48% of the profit earned from 2017-2018. Thus, in percentage terms, the amount of losses has not changed.
The amount of losses and profits received by the owners of bitcoins
During the depreciation in 2018, Bitcoin fell by 84%. This year, the price of the coin has fallen by 77% from the peak value of $69,058 (on the Bitstamp exchange) reached in November 2021.
If the trends correlate with each other, then the bitcoin rate will continue to fall and drop to a new bottom. In this case, the amount of losses for traders will exceed the figure recorded in the period from 2018 to 2019.
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