⭐⭐Bitcoin Has Not Seen Such a Loss Since 2022: A Bigger Drop Could Come ⭐⭐

The decline in the price of Bitcoin (BTC) may continue as investors suffer losses. Cryptocurrency analysts warn that more sales may be made.

According to CoinGecko data, Bitcoin has lost more than 113 in the last 24 hours. The price of Bitcoin, which briefly fell to $ 49,000, has now risen to $ 52,500.

According to information shared by Julio Moreno, research director of blockchain analysis firm CryptoQuant, the decline in the price of Bitcoin has caused almost all investors who bought recently to lose. According to blockchain data, the price of Bitcoin has decreased by more than 12% compared to the on-chain realized price.

The on-chain realized price reflects the value of all Bitcoins used on the blockchain at the time the last transaction was made. This value is divided by the amount of Bitcoin in circulation, which determines the average purchase cost of Bitcoins.

According to CryptoQuant, Bitcoin's breaking of the support level, especially at $57,000, could be a sign of a bigger decline. Stating that investors have been losing at levels not seen since November 2022, CryptoQuant predicts that the price of Bitcoin could fall to $40,000.

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