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Bitcoin faces $70,000 risk as investors realize $2 billion in losses and US jobs shock deepens pressure

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Bitcoin faces $70,000 risk as investors realize $2 billion in losses and US jobs shock deepens pressure

A stronger labor market has revived rate hike fears just as CryptoQuant data reveals accelerating losses and shrinking crypto liquidity.

Bitcoin holders realized more than $2 billion in losses over three days as exchange selling intensified and expectations of a US rate hike rose.

On Friday, Bitcoin briefly plunged below $75,000 as a sharp sell-off in US technology stocks spilled into digital assets.

This came as selling pressure now dominates spot trading on Binance and Coinbase, threatening to push Bitcoin toward $70,000 if a critical support level fails.

CryptoQuant analyst Darkfost reported that Bitcoin investors realized between $657 million and $703 million in losses daily over the past three days, bringing the combined amount to more than $2 billion.

Despite the scale of those losses, weekly net realized profit and loss stood at negative $191 million, reflecting gains realized by other holders during the period.

Selected 7-day moving-average readings, July-November 2026, reconstructed from a user-supplied CryptoQuant screenshot. Historical points are approximate, digitized from chart pixels and rounded to $10M; the displayed final realized-loss value ($657.2M) is transcribed as shown. Loss amounts are positive magnitudes; net realized profit/loss can be negative. Dates and the last net value are approximate, not verified daily exports. Gross realized profit was hidden in the screenshot and is not plotted.

Source: CryptoQuant BTC net realized P/L metric; values digitized from supplied 7DMA screenshot

The losses accelerated after Bitcoin fell below $80,000 and are approaching levels last recorded during the market downturn in early August.


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