Bitcoin selling pressure eases after $22B in realized losses as hash rate drops 14%

Bitcoin has been trading in a consolidation range above $65K for more than a week after a 46% decline from $126K to $60K over the last three months, with realized losses exceeding $22 billion. VanEck analysts said 1–2 year holders, who largely bought near $72K, have sharply cut their selling as many are now underwater, while Bitcoin’s hash rate has fallen 14% over 90 days, a pattern that previously preceded stronger near-term returns.