Bitcoin Bloodbath: Investors Dump $300M Daily at a Loss—Is This the Bottom?

Bitcoin's brutal sell-off just hit a grim milestone: traders are now locking in $300 million in daily realized losses. Weak hands fold as the market shakes out speculators.

When panic sells, smart money buys. History shows capitulation often precedes massive rallies—are we seeing the flush before the next bull run?

Meanwhile, Wall Street banks quietly accumulate positions while retail investors paper-hand their coins. Some things never change.

Based on Glassnode’s data, Bitcoin’s true market mean is $81,100 despite the global spot price being registered at $87,800.

Short-term holders hit over the head with losses

The pain is concentrated among short-term holders, and according to Glassnode’s data, the short-term holder cost basis now stands at $99,900, meaning this cohort is underwater by roughly 12% at current prices.

Source: Glassnode on X

The short-term holder’s cost basis as of December 16 was over $101,800, and the spot price traded at $86,400.

CryptoQuant data show that Bitcoin’s spent output profit ratio sits at 0.99, which is slightly below the neutral mark of 1. The current figure shows that investors are currently selling at a loss; however, the data also shows that the gap to breaking even on their investment is not that wide.

Source: CryptoQuant

Bitcoin slipped as low as $80,500 in November, a 36% decline from its all-time high of $126,198 recorded in early October.

Heavyweight Bitcoin backers slow down

The recent data show that bitcoin is ending 2025 on a downward trajectory, despite firms like Strategy spending big to acquire more Bitcoin in the past few weeks. The largest Bitcoin treasury company recently raised funds but did not commit them to buying Bitcoin, which is quite unusual for the company and sends mixed messages to the market.

Some believe Strategy is catching up with the times and relaxing a bit on its bullish approach to monitor the market better. Others are not reading a lot of meaning into it.

Michael Saylor, Strategy’s chairman, recently stated that their focus goes beyond Bitcoin exposure, and this is noticeable as the company sold common stock to increase its cash buffer.

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