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Bitcoin is dropping fast, with people losing about $57 million every hour as they sell. Here’s what’s going on.

Rishabh Bansal - Bitcoin News - March 3, 2025
bitcoin
Rishabh Bansal
47 views 3 mins 1 Comment

Bitcoin has been all over the place lately, with prices dropping more than 15% in the past week, falling below $80,000. This kind of drop hasn’t been seen since November 2024.

According to blockchain research firm Glassnode, many investors are selling at a loss, especially those who bought Bitcoin recently. On February 28, Bitcoin’s price dip led to $685 million in losses, adding to the $2.16 billion already lost between February 25-27.

Most of these losses come from short-term holders—people who bought Bitcoin within the last few days or weeks. Here’s a breakdown of how much different groups lost:

  • Those who held Bitcoin for just 1 day to 1 week lost $238.8 million.
  • Those holding for 1 week to 1 month lost $187.6 million.
  • Investors with Bitcoin for 1 to 3 months lost $132.4 million.
  • People who bought within the last 24 hours lost $104.9 million.

Even some longer-term holders (3-6 months) saw a spike in losses, with $12.7 million lost on Friday—almost double the losses from the previous day.

Bitcoin

Glassnode’s report also found that Bitcoin investors were losing money at an average rate of $57.1 million per hour on Friday as prices dropped.

Most of these losses came from short-term holders, who were selling off their Bitcoin at a rapid pace. Here’s how fast different groups were losing money:

  • People who held Bitcoin for 1 day to 1 week lost about $19.9 million per hour.
  • Those holding for 1 week to 1 month lost around $13.9 million per hour.
  • Investors with Bitcoin for 1 to 3 months saw losses of $14.2 million per hour.
  • Buyers who got in within the last 24 hours lost $8.04 million per hour.

As expected, the group that held Bitcoin for 1 day to 1 week was selling the fastest, nearly doubling the losses of the next biggest group.

Long-Term Bitcoin Holders Remain Unshaken

Despite the recent market drop, investors who have held Bitcoin for 6-12 months haven’t been selling at a loss, according to Glassnode’s report.

This shows that long-term holders aren’t too worried about the current sell-off and still believe Bitcoin will bounce back.

As of now, Bitcoin is trading at $85,200 after recovering some losses on Friday. However, it’s still down 11.34% for the week, showing that the market is still in a downward trend.

Bitcoin

TAGS: #Bitcoin#bitcoin price#bitcoin price 2025#bitcoin price prediction
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© Copyright 2025 - The Cryptoplay : All updates about Cryptocurrency worldwide . All Rights Reserved
bitcoin
Bitcoin (BTC) $ 104,885.10
ethereum
Ethereum (ETH) $ 2,487.99
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.18
bnb
BNB (BNB) $ 647.82
solana
Solana (SOL) $ 151.87
usd-coin
USDC (USDC) $ 0.99999
dogecoin
Dogecoin (DOGE) $ 0.185094
tron
TRON (TRX) $ 0.279633
cardano
Cardano (ADA) $ 0.664917