On how much the turmoil in the market has hurt investors with the bankruptcy of the giant crypto exchange FTX on-chain data continues to emerge. Glassnode analysts said this week that the bankruptcy of the FTX exchange bitcoin He researched how much he lost his investors.
Analysts point out that the data is mixed. With the bankruptcy of the giant stock market, some of the Bitcoin investors made panic sales, while the other side preferred to increase their savings.
The 4th Biggest Sales Edition in History Has Happened
According to data from the on-chain tracking platform, the bankruptcy of the FTX exchange led to the fourth-largest weekly sell-off in crypto market history.
In the second week of November, crypto has officially turned into a battleground. According to the data, Bitcoin investors realized a loss of $ 10 billion from the positions they closed during the week.
The biggest selling push in Bitcoin history took place last June. Investors closed the trade, accepting a loss of $19.8 billion in one week.
The HODL Movement Continues
Glassnode analysts also highlighted some positive data for Bitcoin. According to the data, long-term investors are more likely to sell even if panic selling takes place. BTC continues to accumulate.
According to the Bitcoin 7-Day Accumulation Trend chart, all HODLers, big and small, are accumulating despite the fear in the market. The yellow tones in the graph represent distribution, while the dark purple color indicates accumulation.
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