This year, bitcoin owners have gone into the red by $ 213 billion

Due to the bearish trend prevailing in the market, bitcoin investors suffered huge losses in 2022.

According to the research firm Glassnode, over the past 365 days, bitcoin owners have gone into the red by $ 213 billion due to the sale of coins at a price lower than the purchase price. At the same time, during the bull rally in the period from 2020 to 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 growth of the BTC rate. Due to the downturn in the market from 2018 to 2019, bitcoin buyers went into negative territory by $ 56 billion, which is 48% of the profit earned from 2017-2018. Thus, in percentage terms, the amount of losses has practically not changed.

During the fall of the exchange rate in 2018, bitcoin fell in price 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 exchange rate will continue to fall and fall to a new bottom. In this case, the amount of traders’ losses will exceed the figure recorded in the period from 2018 to 2019.