Glassnode: Bitcoin's deepest retracement in the current cycle remains shallow compared to past cycles
2024-07-10 11:08:29
On July 10th, Glassnode released a report saying that Bitcoin recorded the deepest decline in the current cycle, trading at -26% + lower than ATH. Still, the retracement is historically shallow compared to past cycles. This price contraction has left a large number of short-term holder supply in unrealized losses, and according to its on-chain acquisition price, more than 2.80 million BTC are now underwater. While the financial pressure on short-term holders has increased, the scale of locked-in losses remains relatively modest compared to the size of the market.
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.
Previous article：
某地址于昨日从币安提取超29.3万枚IMX
