[Analyst: New Bitcoin Investors' Loss Rate Rises to 73%, This Correction Can Be Called a "Huge Abyss" Start] Odaily Planet Daily reports that crypto analyst Murphy stated that Bitcoin may never have experienced such extreme market movements in the past 12 years. Data shows that the overall loss rate for new investors (STH-PSIL) has risen to 73%. In comparison, during the last bear market, amidst interest rate hikes and traditional bank failures, this indicator was 51% during the first pullback and only rose to 67% in the second. Murphy points out that this market movement has some similarities to the market start of 2019-2020. At that time, Bitcoin's first pullback pushed STH-PSIL up to 97%, but this was accompanied by the black swan event of a global pandemic. In contrast, this market has not yet experienced a similar major external shock, but there are more signs of "artificial intervention." However, Murphy stated that there is no need to be overly pessimistic at present. He remains confident in Bitcoin's short-to-medium-term trend and has no intention of selling his holdings. However, he also cautioned that this round of decline has severely damaged investor confidence, and market sentiment recovery may take a considerable amount of time. A large number of shares trapped at high prices will continue to exert selling pressure during subsequent rebounds, similar to the market experience in 2019. This round of market activity may also require a long time to truly emerge from the trough.