Nearly 90% of Bitcoin Short-Term Holders Are Underwater, Onchain Data Show
"Sharp upticks in short-term holder supply in loss tend to follow 'top heavy markets' such as May 2021, Dec 2021, and again this week," one observer said. Source
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underwater
Bitcoin speculators are underwater on 88% of their BTC bags: Research
Bitcoin (BTC) holdings owned by speculators are nearly 90% in the red after the “flash crash” to $26,000, new research says.In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode reveals the true cost of last week’s BTC price dip to newcomers.Short-term holders “increasingly sensitive” to BTC
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