The recent price slump in Bitcoin has caused panic, forcing many investors to sell BTC at a loss. However, blockchain analytics firm Glassnode highlights that long-term holders remain resilient despite the turbulence. Short-term holders, on the other hand, suffered significant losses when Bitcoin dipped below $100,000.
Bitcoin's price briefly fell to $91,200 as world stock markets faced turmoil attributed to geopolitical tensions, leading to overwhelmingly negative reactions from investors. Analysts warned of potential further declines, noting the market's tendency to move contrary to popular expectations.
Long-term holders show resilience, with only 0.01% of their Bitcoin supply in loss, but unrealized profits declining since November. Meanwhile, short-term holders faced their largest loss exposure since January. The market remains bearish, with Bitcoin recently recovering to $96,000.
Sursă: www.newsbtc.com ↗