Gold Finance reported that Glassnode's weekly on-chain insight research emphasized the severity of the recent market downturn, linking it to the "correlation-1" event that led to a big dump in major assets such as BTC and stocks. According to Glassnode's data, this event caused the BTC Spot price to reach the critical psychological level of $51,400 and triggered a significant 11% decrease in BTC futures contracts overnight. The report also showed that only 7% of short-term holders are still in a profitable state, a figure unseen since the collapse of FTX in 2022, and more than one standard deviation below the long-term average level of this indicator, indicating a significant degree of financial pressure on recent buyers. In addition, the Glassnode report pointed out that realized losses have surged significantly, totaling approximately $1.38 billion. It is noteworthy that 97% of these losses are borne by short-term holders, emphasizing their vulnerability during the downturn. The report indicated that this level of realized losses is historically significant, ranking 13th in terms of USD, reflecting the widespread panic among investors. #BTC大跌后反弹，后市行情怎么走？