Bitcoin long-term holders Profits are up after the launch of flagship cryptocurrency recent price surge. The same cannot be said about most of the short-term investors, based on the prices at which they bought their Bitcoins.
The loss of 0.03% is the only significant percentage among long-term Bitcoin holders
Recent market reportThe on-chain analysis platform Glassnode The total volume claimed by long-term holder (LTH) supply Held in loss “negligible,” Only 4,900 BTC, or 0.03% of the LTH value above Bitcoin’s current price was acquired. The long-term loss holders are those who purchased the cycle’s top in 2021 and held it since.
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Over 85% Bitcoin is held by long-term investors. Glassnode stated that it was expected given the LTH’s supply at a loss in the bull-market phase. “tends towards zero.” The LTH that is currently in the market will continue to be the main source of profit for this LTH. bull run progresses.
![Bitcoin 1](https://fxruhanahmed.com/2/wp-content/uploads/2024/06/1717722842_543_Bitcoin-Price-Surge-To-71000-Sends-All-Long-Term-Holders-Into.png)
This LTH is for tokens that have been held more than 155 consecutive days. However, the majority of investors who fall into this category were likely to be those with a high level of conviction. last bear marketBitcoin fell below $20,000 The LTH supply was responsible for the majority of unrealized losses.
The majority of unrealized losses are attributed to short-term holder supply
Glassnode reported that STH supply is currently responsible for most market losses. These investors are continuing to buy flagship cryptos near the exchange. local and global highs. These holders are automatically thrown into losses whenever Bitcoin is faced with a price correction.
Glassnode data shows that 26.6% of the 3,35 million BTC STH supply is currently in a loss. When Bitcoin experienced its recent drop in price, 56% (1.9 millions BTC), of the STH’s supply was said to have become unrealized losses. to the $58,000 level.
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Glassnode has also disclosed that the a “significant cluster” STH coins were accumulated at a price close to current spot. It is important to note that investors in the region may react differently in case of any sudden changes. volatile price fluctuationsNo matter what they do. These investors may sell their tokens if the price of Bitcoin drops or increases significantly.
Besides these short-term holders, Glassnode suggested that the ‘Single-Cycle holders’ are another group of investors to keep an eye on. The investors in this group have long held the stock. “significant magnitude of unrealized profit” Bitcoin has risen above $40,000 since it broke through. Bitcoin’s current price is a profit that they have already made. all-time high (ATH) The average Bitcoin investor sold tokens worth $73,000 during March. This number is likely to rise as Bitcoin reaches a brand new ATH.
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Source: www.newsbtc.com