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Last week's rout delivered bitcoin's biggest realized loss ever; bottoming signals grow

The Feb. 5 shock booked the largest-ever realized loss — $3.2 billion — in bitcoin history.

Feb 12, 2026, 2:48 a.m.
Entity Adjusted Realized Loss (Glassnode)
Entity Adjusted Realized Loss (Glassnode)

What to know:

  • The Feb. 5 crash in bitcoin saw $3.2 billion in realized losses, officially overtaking the 2022 Terra Luna collapse as the single largest loss event in bitcoin's history.
  • According to data platform checkonchain, daily net losses exceeded $1.5 billion.

The largest realized loss in bitcoin history occurred during last week’s market downturn, shattering previous records as the asset plummeted from $70,000 to $60,000 on Feb. 5.

According to Glassnode, the Entity-Adjusted Realized Loss reached $3.2 billion. This metric exclusively tracks the USD value of moved coins sold below their acquisition price while filtering out internal transfers between the same entity.

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This massive capitulation surpassed even the darkest days of 2022, eclipsing the $2.7 billion loss recorded during the collapse.

According to data platform Checkonchain, "Last week's bitcoin sell-off meets the criteria of a textbook capitulation event. It occurred rapidly, on heavy volume, and crystallised losses from the lowest-conviction holders."

With daily net losses exceeding $1.5 billion, the scale of this sell-off represents the most significant absolute USD loss ever crystallized in the network's history. This points to more signs of a bear market bottom.

As of press time bitcoin is trading around $67,600.

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Trump-linked Truth Social seeks SEC approval for two crypto ETFs

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The filings include a bitcoin and ether ETF and a staking-focused Cronos fund, deepening the Truth Social brand’s ambitions in digital asset investing.

What to know:

  • Yorkville America Equities, the firm behind Truth Social–branded ETFs, has filed with the SEC to launch a Truth Social Bitcoin and Ether ETF and a Truth Social Cronos Yield Maximizer ETF.
  • The proposed Cronos-focused ETF would invest in and stake Cronos (CRO) tokens, aiming to generate yield through staking rewards in addition to price exposure.
  • If approved, the funds would be launched in partnership with Crypto.com, which would provide custody, liquidity and staking services, and be distributed through its affiliate Foris Capital US LLC.