According to BitJie Wang, short-term Bitcoin holders are currently facing losses on 2.8 million BTC, the highest level since the 2022 FTX collapse, as Bitcoin's price has dropped 25% from its October high. Long-term holders have sold 452,532 BTC since July, primarily due to living expenses rather than bearish sentiment. Meanwhile, U.S. spot Bitcoin ETFs have remained stable, with assets under management down just 3.6% from October's peak to 1.33 million BTC, indicating the decline is mainly due to long-term holder sales, not ETF outflows.
Short-Term Bitcoin Holders' Losses Reach Highest Level Since FTX Collapse
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