[Analyst: Current Bear Market Has Realized Losses of $174 Billion, Yet to Surpass Previous Cycle Peak] Odaily Planet Daily reports that on-chain analyst Darkfost stated they have calculated the realized losses (in USD) in the Bitcoin market during past bear markets. Theoretically, as the total market capitalization continues to grow, the scale of USD losses during bear markets under similar market behavior should also increase. Data shows that during the 2014 bear market, realized losses were only about $2.4 billion, with Bitcoin's market cap at approximately $6 billion to $8 billion at the time. During the 2019 bear market, realized losses rose to $60 billion. Since the peak of the current cycle last October, the market has accumulated approximately $174 billion in realized losses. However, this figure has not set a new record, as the cumulative realized losses during the previous bear market reached $211 billion. Darkfost believes this may indicate that the market still has room for further capitulation, though this judgment remains highly subjective. If the bear market persists for several more months, the scale of realized losses could potentially exceed the levels of the previous cycle. However, as of now, despite the current bear market entering a deeper phase, cumulative losses have yet to reach an all-time high.