PANews reported on June 7th that analyst Darkfost published an article on the X platform stating that since the market peaked in October last year, Bitcoin holders have accumulated losses of approximately $174 billion. Comparing this to historical data, the 2014 bear market resulted in cumulative losses of $2.4 billion, rising to $60 billion in 2019. As Bitcoin's market capitalization has expanded, the scale of bear market losses has also increased year by year.

Data shows that the last bear market resulted in cumulative losses of $211 billion, and the current figure has not yet broken that record. Analysts point out that there is still room for further market clearing, and if the bear market continues for several months, the cumulative losses in this round could surpass the peak of the previous cycle.