It's not a pretty picture for BTC hodlers this Christmas, with unrealized losses beating records.
Data from on-chain analytics firmNew or old, Bitcoin hodlers nurse serious lossesIts descent to levels last seen two years ago has created problems for hodlers who bought in more recently — logically, they are nursing negative returns on their positions.
The pain runs deeper than that, however, and Glassnode now shows the extent of unrealized losses plaguing newcomers and old hands alike. For both short-term holders and long-term holders , current BTC price levels are a nightmare. STHs and LTHs are defined as entities hodling incoming coins for less than or more than 155 days, respectively.
According to the latest figures, as of Dec. 26, STH bitcoins held at a loss totaled 1,889,585 BTC, with the LTH tally at 6,057,858 BTC.This is a record in terms of percentage of the Bitcoin supply used by the tool, which excludes BTC held by exchanges.As Cointelegraph previously reported, hodlers were already in control of over 50% of the supply inWhat the future may hold for BTC price action, meanwhile, remains a topic of scrutiny.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bitcoin price volatility due within days, new take says as BTC flatlines at $16.8KBitcoin may return to volatility sooner than expected, one BTC price prediction states.
Lire la suite »
Bitcoin Mining Pool BTC.com Suffers Cyber Attack, $700K StolenThe attack is just another reminder of how vulnerable prominent crypto companies can be.
Lire la suite »
Bitcoin (BTC) Price Analysis for December 26Can BTC rise faster than altcoins this week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda
Lire la suite »
Bitcoin (BTC) & Ethereum (ETH) Exchange Flows Show Bull HornsDaily on-chain exchange flows of $BTC and $ETH present bullish hints on Christmas bitcoin btc bitcoinnews eth ethereum ether ethereumnews pow pos christmas
Lire la suite »
Bitcoin (BTC) & Ethereum (ETH) Minority Addresses' Amount Breaks RecordsMinor $BTC and $ETH investors greedily fill crypto bags, while their balances break all-time highs bitcoin btc bitcoinnews eth ethereum ether ethereumnews pow pos
Lire la suite »
BTC price foregoes Santa rally as Bitcoin volatility hits record lowBitcoin volatility sees new lows with BTC price flat and far from a Santa rally.
Lire la suite »