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Glassnode: Short-term Bitcoin Holders Almost All in Loss Since FTX Crash
Summary: According to CoinDesk, Glassnode data shows that short-term holders of Bitcoin (holding less than 155 days) currently hold a total of 2.8 million Bitcoins, almost all of which are now in a loss position. This loss scale has reached its highest level since the FTX crash in November 2022, when the Bitcoin trading price was ...
According to CoinDesk, Glassnode data shows that short-term holders of Bitcoin (holding less than 155 days) currently hold a total of 2.8 million Bitcoins, almost all of which are now in a loss position. This loss scale has reached its highest level since the FTX crash in November 2022, when the Bitcoin trading price was close to $15,000 per coin. On June 15 (155 days ago), the Bitcoin trading price was $104,000, meaning almost all Bitcoins purchased since then are currently priced lower than the purchase price.
In contrast, long-term holders continue to reduce their holdings. Glassnode data shows that the number of Bitcoins held by long-term holders has decreased from 14,755,530 in July to 14,302,998 on November 16, a decrease of 452,532 coins.
Nicholas Gregory, a director on the Fragrant board, stated, 'Many long-term holders who have accumulated over the years are choosing to sell in 2025. These selling behaviors are mostly due to lifestyle changes rather than negative views on the asset itself. The launch of US ETFs and a price target of $100,000 create an attractive and liquid window for selling.'
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Link: Glassnode: Short-term Bitcoin Holders Almost All in Loss Since FTX Crash [Copy]
