Bitcoin speculators face 93 percent unrealized losses after 365m futures wipeout

👀 Bitcoin speculators are facing massive losses, with 93% unrealized losses following a $365 million wipeout from Bitcoin futures liquidations.

Short-term holders are particularly hard hit, with only 7% of their holdings in profit, reflecting a severe market downturn.

This marks one of the largest capitulations since the FTX collapse.

Current metrics suggest that recent price dips might present potential buying opportunities.