When the price of Bitcoin hovered around $68,000 on June 4, "0.03 percent" of long-term holders (those who held Bitcoin for more than 155 days) were still "in the red," according to a report published June 4 by cryptocurrency analysis firm Glassnode. This group is mainly made up of people who bought Bitcoin during the 2021 bull cycle, when Bitcoin reached an all-time high of $69,000 in November 2021.
Glassnode pointed out that even if the price reached $68,000, the total loss for long-term holders was "negligible," with about 4,900 bitcoins purchased, higher than the current spot price. Short-term holders (those who have held bitcoins for less than 155 days) took on most of the unrealized losses. These people mainly bought in March, when bitcoin reached an all-time high of $73,679 on March 13.
Report: Bitcoin short-term holders bear most of the unrealized losses
2024-06-06 02:12:06
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
