According to CoinMeta, based on the monitoring of early in and the analysis by analyst Julio Moreno, there are no signs of a capitulatory sell-off in the Bitcoin blockchain data yet. Over the past year, Bitcoin holders have suffered a loss of approximately 136,000 Bitcoins, whereas in historical cycles, when Bitcoin prices hit bottom, the annual loss typically amounted to between 1.3 million and 3.7 million Bitcoins. The current market is in a moderate correction phase and may face further downward movement.