As per PANews, Glassnode data shows that Bitcoin short-term holders (holding less than 155 days) are currently holding 2.8 million BTC, nearly all at a loss. This loss scale has reached the highest level since the FTX collapse in November 2022, when Bitcoin traded near $15,000. On June 15 (155 days ago), Bitcoin traded at $104,000, meaning almost all BTC bought since then is now below purchase price. In contrast, long-term holders continue to reduce holdings, with their BTC holdings dropping from 14,755,530 in July to 14,302,998 on November 16, a reduction of 452,532 BTC. Nicholas Gregory of Fragrant's board noted that many long-term holders are selling in 2025 due to lifestyle changes, not negative sentiment, with the U.S. ETF launch and $100,000 price target creating an attractive and liquid window for sales.
Bitcoin Short-Term Holders' Losses Reach Highest Since FTX Collapse
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