Bitcoin short-term holders face increasing financial pressure
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Glassnode analytics platform revealed that Bitcoin short-term holders have found themselves under increasing financial pressure amid challenging crypto market conditions. The firm also noted that there was currently a shift towards long-term holder accumulation, with wealth now transferring back towards price incentive investors. Coin Metrics analytics platform also reported that the share of supply held by long-term holders continued to rise, recently reaching around 63%. The firm argued that the trend highlighted how the virtual currency was “evolving into that of a store of value and reserve asset.” Bitcoin short-term holders face losses Challenging market conditions continue for digital assets, with #Bitcoin Short-Term Holders finding themselves under increasing financial pressure. Under the surface, a shift towards Long-Term Holder accumulation appears ongoing, with wealth now transferring back towards price… pic.twitter.com/S36DJfHjao — glassnode (@glassnode) March 26, 2025 Glassnode reported that short-term Bitcoin holders were currently facing increased financial pressure in the wake of challenging crypto market conditions. The firm revealed that BTC’s short-term holders have incurred realized losses of $7 billion over the past 30 days. The on-chain platform argued that the run of losses marked the most prolonged loss event of the current market cycle. Short-term holders’ unrealized losses also intensified, nearing the +2 standard deviation threshold, which is a level that has historically pointed to an increased risk of capitulation. Glassnode also argued that history showed short-term BTC holders were not in the worst position they could be in despite the mounting capitulation risk. Data revealed that current figures remained well below the $19.8 billion and $20.7 billion loss spikes witnessed during the 2021 to 2022 crash. The analytics firm also argued that losses were still aligned with patterns seen in the middle of previous corrections during bull markets. The firm’s outlook correlated with that of crypto analyst PlanB that…
Filed under: News - @ March 27, 2025 9:25 am