Bitcoin has dropped to around $83,000, leading to increased selling pressure and losses resembling historic market crashes. Realized Bitcoin losses have surged to levels not seen since the 2022 FTX collapse, according to Glassnode. Short-term holders are driving the current sell-off, with concerns about the market bottom and potential for a multi-year bear market looming. Some industry figures, like Samson Mow, doubt the onset of a crypto winter. The collapse of FTX in 2022 and the recent Bitcoin crash have raised questions about market stability and potential recovery timelines. Industry experts like Tom Lee predict a rebound to between $150,000 and $200,000 by the end of January 2026.

Read more at Cointelegraph: Realized Bitcoin Losses Rise To FTX Crash Levels: Glassnode