Bitcoin Faces Heavy Selling Stress as Realized Losses Hit $1.26 Billion Daily

Bitcoin’s current bear phase is showing deeper cracks after the price failed to regain the short-term holder cost basis near $94,500. Glassnode noted on Feb. 4 that profitability has reset, spot demand remains weak, and leverage is now unwinding across derivatives markets. A major shift occurred as Bitcoin dropped below the True Market Mean…