[Analyst: Actual Losses of Bitcoin Holders Still Below Previous Cycle Peak, Bear Market Enters Deep Adjustment Phase] BlockBeats News, June 7 – Analyst Darkfost posted on social media that since the market peaked last October, Bitcoin holders have collectively realized approximately $174 billion in losses. As realized losses are calculated in USD, the scale of losses in each bear market has continued to grow alongside Bitcoin's market capitalization. Data shows that the cumulative realized losses during the 2014 bear market were only about $2.4 billion, with Bitcoin's total market capitalization at the time ranging from $6 billion to $8 billion. By 2019, this figure had risen to approximately $60 billion. However, the realized loss scale in the current cycle has not yet broken records. The cumulative realized losses in the previous bear market were about $211 billion, higher than the current level. Analysts believe this indicates that the market may still have room for further capitulation. If the bear market persists for several more months, cumulative realized losses could potentially surpass the record of the previous cycle. However, as of now, even though the current bear market has entered a deeper phase, the actual loss scale of the market remains below the peak level of the previous cycle. [Original Link]