PANews reported on November 18th that Glassnode published an article on its X platform stating that realized losses for short-term holders have surged dramatically, with the 7-day exponential moving average (7D-EMA) showing $427 million per day, the highest level since November 2022. Panic selling has intensified and is showing a clear upward trend, with current losses exceeding those at the two previous major lows of this cycle.