After the distribution of 80k BTC through Galaxy Digital and the spike in the average Net Realized Profit/Loss to $3.2B, current values of the metric have dropped to $1.4B. The market is steadily absorbing the coins that are entering the market and the price is practically not reacting, but this distribution may take more time since current Net Realized Profit/Loss values are still high.

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Event ends: August 9, 16:00 UTC
More details: https://www