#Bitcoin Posts $2.3B Loss in Historic Capitulation Event


$BTC has recorded $2.3 billion in realized losses over a seven-day average, marking one of the largest #capitulation events in the #cryptocurrency's history. The losses rival crashes seen in 2021, the Luna and FTX collapse in 2022, and the mid-2024 correction, according to analyst IT Tech.


The analyst placed the current sell-off among the top three to five loss events ever recorded for Bitcoin. IT Tech noted in a Thursday post on CryptoQuant that only a handful of moments in Bitcoin's existence have witnessed this level of investor surrender.


Bitcoin has dropped nearly 50% from its all-time high above $126,000 in October to trade around $66,600 currently. The cryptocurrency briefly climbed from a low near $60,000 on Feb. 6 before resuming its decline.


IT Tech warned that extreme loss #spikes have previously triggered rebounds, pointing to Bitcoin's brief rally above $70,000 on Tuesday. The analyst cautioned that this could mark the beginning of a prolonged downturn rather than a recovery signal, noting that relief rallies occur even during extended bear markets.


CryptoQuant posted Thursday that $55,000 represents Bitcoin's realized price, a level historically associated with #bearmarket bottoms. Past cycles saw $BTC trade 24% to 30% below this threshold before stabilizing and entering sideways movement ahead of eventual recovery.

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February 13, 2026 at 2:09 PM
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