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Bitcoin’s price drop led to more than $2.16 billion in realized losses, with most of them coming from recent $BTC buyers.
In a recent analysis thread, Glassnode found that between Feb. 25 up until Feb. 27, traders lost more than $2.16 billion in realized losses due to the crypto crash that started on Feb. 25 when the price of $BTC ($BTC) dropped below $90,000 for the first time since November 2024.
The platform breaks down the losses suffered by traders based on when they bought $BTC and the market impact of the recent crypto crash compared to previous market spike this year.
Most of these losses came from people who bought $BTC within a week before the price crash. On the other hand, people who have held $BTC for longer suffered relatively less losses compared to people who bought $BTC recently.
“This suggests that those who entered in H2 2024 or earlier are largely holding, while more recent buyers are exiting under pressure,” wrote Glassnode.
📊 Who is realizing the most losses in #Bitcoin’s latest #cryptocrash?
— glassnode (@glassnode) February 27, 2025
Between Feb 25-27, over $2.16B in realized losses came from the most recent market entrants.
We break down the losses by age cohorts, contrast with prior peaks, and assess the market impact. 🧵👇 pic.twitter.com/xKGLR3r115
Traders who bought $BTC within the past week suffered the most losses at $927 million, which is around 42.5% of the total realized losses. The second largest loss came from traders who bought Bitcoin within a month before the price went down, which is $678 million or 31.3% of total losses.
Meanwhile, traders who bought Bitcoin within 24 hours before the crash only made up 14% of the total loss, which is around $322 million. Moreover, traders who bought $BTC up to three months before the price dipped contributed 11.9% of total losses or $257 million.
In contrast, people who have held onto their Bitcoin for longer, in the time span between three months to a year before the crash, experienced far less losses compared to the recent buyers. Traders who bought $BTC within six months before the price dipped only lost 6.5 million or 0.3% from the total realized losses.
Meanwhile, traders who bought $BTC within one year suffered the least amount of losses, with only 0.15% of the total losses or around $3.2 million.
Additionally, Glassnode’s research found that Feb. 26 was the largest single-day crypto crash this year with an aggregated realized loss amounting to $1.13 billion. This number is 25% larger than the previous single-day market drop, on Feb. 3 which amounted to $848 million in losses.