Report: Short-term Bitcoin holders bear most of the unrealized losses

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Cointime2024/06/06 05:04

By:Cointime

According to a report released by cryptocurrency analysis company Glassnode on June 4th, when the price of Bitcoin was hovering around $68,000 on that day, "0.03%" of long-term holders (people who have held Bitcoin for more than 155 days) were still in a "loss state". This group is mainly composed of people who bought Bitcoin during the bull market cycle in 2021, when Bitcoin reached a historical high of $69,000 in November 2021.

Glassnode pointed out that even if the price reaches $68,000, the total loss of long-term holders is "insignificant", with a purchase of about 4,900 Bitcoins, higher than the current spot price. Short-term holders (people who have held Bitcoin for less than 155 days) bear most of the unrealized losses. These people mainly bought in March, when Bitcoin reached its all-time high of $73,679 on March 13th.

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