CryptoQuant Analyst: The Bitcoin Market May Have Completed a Sufficient Shakeout

On January 6, CryptoQuant analyst Darkfost stated that although bitcoin has recently rebounded, realized losses still dominate. Data shows that weekly realized profits are $312 million, while losses reach $511 million. Some investors have chosen to cut their losses and exit the market. Historically, similar capitulation sell-off phases have usually marked the end of adjustment cycles. The current level of capitulation is close to that of the previous bear market period, which may indicate that the market has undergone a relatively sufficient clearing.