Bitcoin Realized Losses Hit $3.2B on February 5 as Price Drops Toward $64,000

On February 5, Bitcoin's entity-adjusted realized losses climbed to a record $3.2 billion as the price slid around 10% toward $64,000. An on-chain analyst described the move as a capitulation phase that exceeded loss-taking seen during the Luna collapse, the FTX failure and earlier black swan events.