With price sliding below $60k, long-term holders are now carrying 5.6M BTC at a loss, the highest since the Covid crash in 2020.
With price sliding below $60k, long-term holders are now carrying 5.6M BTC at a loss, the highest since the Covid crash in 2020. The resolution of overhang supply is extending, not concluding. 📉 http://glassno.de/btc-lth-supply-loss Quoting @CryptoVizArt: Long-term holders are now carrying 5.3M BTC at a loss, surpassing the post-FTX crash level and reaching the highest reading since the Covid crash. The scale of underwater LTH supply suggests the resolution process is still in progress. 📉 http://glassno.de/btc-lth-supply-loss https://twitter.com/glassnode/status/2062531969661980975
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