According to @simplykashif, Bitcoin’s realized losses have risen to levels comparable to the November 2022 FTX crash, indicating heavy distribution into weakness based on on-chain realized loss metrics; source: Glassnode via @simplykashif. According to @simplykashif, Glassnode also notes that new buyers are the cohort selling in fear, highlighting near-term sell pressure from recent entrants; source: Glassnode via @simplykashif.