Bitcoin crash led to $2.16b in losses, mostly from recent buyers

The drop in Bitcoin prices resulted in more than $ 2.16 billion in losses made, most of them from recent BTC buyers.

In a recent analysis threadGlassnode noted that between February 25 until February 27, the traders lost more than $ 2.16 billion in losses made due to the crypto accident which started on February 25 when the BTC price (BTC)) abandoned Below $ 90,000 for the first time since November 2024.

The platform breaks down the losses suffered by traders according to the moment when they bought BTC and the impact of the market of the recent crypto accident compared to the previous Spike market this year.

Most of these losses come from people who bought BTC in a week before the price crash. On the other hand, the people who held the BTC for longer suffered relatively fewer losses compared to people who bought the BTC recently.

“This suggests that those who entered H2 2024 or earlier, while more recent buyers go out under pressure,” wrote Glassnode.

Traders who bought BTC in last week have undergone the most losses at $ 927 million, or around 42.5% of the total losses made. The second largest loss came from merchants who bought Bitcoin in a month before the price drop, or $ 678 million or 31.3% of total losses.

Meanwhile, traders who bought Bitcoin within 24 hours before the crash represented only 14% of the total loss, or about $ 322 million. In addition, traders who bought BTC up to three months before the price drop contributed 11.9% of total losses or $ 257 million.

On the other hand, the people who kept their bitcoin longer, in the period between three months and a year before the accident, underwent much less losses compared to recent buyers. Merchants who bought BTC within six months before the price drop loses only 6.5 million or 0.3% of the losses made total.

Meanwhile, traders who bought BTC within one year have undergone the least losses, with only 0.15% of the total losses or approximately $ 3.2 million.

In addition, Glassnod’s research revealed that on February 26 was the largest crypto of a day accident This year with an aggregated loss amounts to $ 1.13 billion. This number is 25% higher than the drop in the previous day on February 3, which represents $ 848 million in losses.