Short-Term Bitcoin Holders Record Worst Unrealized Losses as 99% of Recent Purchases Trade Below Cost

Short-term Bitcoin holders are experiencing unprecedented unrealized losses, with approximately 99% of recently acquired coins trading below purchase price. The Fear & Greed Index has fallen to its lowest level in Bitcoin's history, below readings during the FTX collapse and COVID-19 crash. Institutional selling on Coinbase has reached record volumes, according to Capriole Investments founder Charles Edwards.