Bitcoin Long-Term Holder Losses Hit 14%—But Far Below Bear Bottom Levels
The Bitcoin long-term holders have seen their losses balloon recently, but historical data shows bear markets bottomed out at yet higher levels. Bitcoin LTH Losses Currently Equivalent To 14% Of The Market Cap As pointed out by on-chain analytics firm Glassnode in an X post, the Unrealized Loss among the Bitcoin long-term holders has been […]
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Bitcoin’s long-term holders are beginning to suffer losses matching those from previous bear markets, and Glassnode believes the pain may continue, and even get worse. Long-term Bitcoin holders are sitting on their largest losses since the March 2020 capitulation and the 2018-2019 bear market but may have to keep waiting for relief.Calculated by measuring the value of coins deposited to exchanges, aggregated realized losses from long-term holders (LTH) of Bitcoin (BTC) exceeded 0.006% of the market capitalization by May 29 according to Glassnode’s The Week Onchain report from June....
Bitcoin is back above $70,000 after a bruising first quarter, but there are still questions as to whether the asset has already established its cycle low or is still moving through a bottoming phase. A technical indicator following one interesting Bitcoin metric is presently showing signs that the bottom may not yet be in. The Metric With A Perfect Record One Bitcoin metric has always predicted every cycle bottom, and what it is saying now is very important for its next outlook. This metric is the long-term holder supply in loss, which is a measure that tracks how much of the supply held....
Bitcoin accumulation is in full swing during the downtrend despite BTC price having more room to drop. A Bitcoin (BTC) on-chain indicator, which tracks the amount of coin supply held by long-term holders (LTHs) in losses, is signaling that a market bottom could be close.Eerily accurate Bitcoin bottom punditAs of Sept. 22, approximately 30% of Bitcoin's LTHs were facing losses due to BTC's decline from $69,000 in November 2021 to around $19,000 now. That is about 3%–5% below the level that previously coincided with Bitcoin's market bottoms.For instance, in March 2020, Bitcoin price declined....
While many indicators suggest that the market bottom may be close, time will be the ultimate determinant, according to a new report from Glassnode. Bitcoin wealth is being distributed from weak hands to strong hands due to ongoing capitulation from retail investors and miners, signaling that the bottom may be close.The latest ‘The Week On-Chain’ report from blockchain analysis firm Glassnode on July 11 explains that market capitulations have been ongoing for about a month and that several other signals suggest bottom formations in Bitcoin prices. However, Glassnode analysts wrote that the....
Data from Glassnode shows the Bitcoin long-term holder cost basis is currently above the realized price of the crypto. Bitcoin Long-Term Holder Cost Basis May Have Hints For Bear Market Length As per the latest weekly report from the analytics firm Glassnode, the LTH cost basis has remained below the realized price for a period […]