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NewsBTC 2022-04-21 19:00:08

Bitcoin LTHs Hold Significantly More Loss Now Compared To May-July 2021

Data shows Bitcoin long-term holders hold significantly more supply in loss right now compared to May-July of 2021. 15% Of Bitcoin Long-Term Holder Supply Is In Loss Right Now As per the latest weekly report from Glassnode, around 30% of the total BTC supply is being held at a loss at the moment. The “long-term holder supply” is the part of the total Bitcoin supply that hasn’t shown any movement since more than at least 155 days ago. The other part of the supply belongs to the “short-term holders.” This cohort doesn’t hold for too long and generally sells before 155 days are up. Active traders usually make up a significant portion of this supply. Naturally, any coins in the Bitcoin STH supply that age beyond the 155-day mark are then counted under the LTH supply. The relevant indicator here is the “supply in profit/loss,” which looks at each coin on the chain to see how many coins are in profit or loss right now. Related Reading | Bitcoin Trading Volume Stabilizes At Lows Of July 2021 As Market Sleeps The metric works by comparing the price a coin was last moved at, to the current value. If the last price was more than now, then the Bitcoin is being held in loss at the moment. Otherwise, it’s in profit. Now, here is a chart that shows the loss distributions of both the LTHs and the STHs. Looks like the loss split is quite even between the two categories right now &#124...

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Bitcoin LTHs Hold Significantly More Loss Now Compared To May-July 2021

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