New investors in Bitcoin faced significant losses totaling $2.16 billion in the recent market decline.
The blockchain analysis company Glassnode reported that between February 25th and 27th, new Bitcoin (BTC) investors incurred losses totaling $2.16 billion. The majority of losses were from investors who entered the market one day to one week before the decline, accounting for 42% of total sales with $927 million in losses. In contrast, long-term Bitcoin holders did not suffer significant losses due to buying at lower prices compared to current prices. Loss-inducing sales in other time frames included $322 million in 24 hours and $678 million in one week to one month.
