Glassnode: Bitcoin Long-Term Holders Own 90% Of Supply In Profit
Latest data from Glassnode shows Bitcoin long-term holders currently own around 90% of the total supply in profit. Bitcoin Supply In Profit Share Of Short-Term Holders Declines According to the latest weekly report from Glassnode, dominance of long-term holders has observed rise recently. The relevant indicator here is the “supply in profit,” which measures the total number of coins that are currently holding a profit in the Bitcoin market. The metric works by checking the on-chain history of each coin to see what price it was last sold at. If this previous price was less than....
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Data from Glassnode shows the Bitcoin profit in supply held by short-term holders has been going down for 431 days now. Bitcoin Short-Term Holder Supply In Profit Has Been In Compression Phase Recently According to the latest weekly report from Glassnode, the STH supply in profit usually goes through three phases each cycle. The “supply […]
The analytics provider reported that long-term BTC holders are reducing their spending, and adding to positions. Glassnode’s latest weekly on-chain report indicated that long-term holders of Bitcoin (BTC) are at a multi-year high and markets are not yet saturated with profit-taking. These long-term holders (LTH) appear to be reducing their spending while continuing to add to their positions, according to the Nov. 22 report by analytics provider Glassnode. The analysis delved into Spent Volume Age Bands (SVAB), which are used to identify the age of coins dominating the on-chain flows on any....
Although long-term coin selling saw a marked increase last week, HODLing is still the preferred strategy as more of the short-term supply is becoming long-term supply. Over the past week, long-term holders of Bitcoin increased their spending to a level that suggests de-risking from the market, but hodling remains the predominant investing strategy.Uncertain macroeconomic headwinds are likely to have precipitated the increase in the sell-offs last week by long-term holders and shaken some short-term holders out of their positions according to data from blockchain analytics firm Glassnode.....
Unrealized losses are hitting both long-term and short-term holders this week, with half of the supply underwater in wallets. Bitcoin (BTC) is setting unenviable records this week as hodlers big and small battle some major pain.Data from on-chain analytics firm Glassnode shows over one-third of the BTC supply being held at a loss by long-term hodlers (LTHs) — a new all-time high.Long-term holders shoulder record unrealized lossesProfitability has taken a serious hit in recent days, and on-chain data confirms that even the most seasoned investors are suffering.As BTC/USD crashed to two-year....
Data shows Bitcoin long-term holders hold significantly more supply in loss right now compared to May-July of 2021. 15% Of Bitcoin Long-Term Holder Supply Is In Loss Right Now As per the latest weekly report from Glassnode, around 30% of the total BTC supply is being held at a loss at the moment. The “long-term holder supply” is the part of the total Bitcoin supply that hasn’t shown any movement since more than at least 155 days ago. The other part of the supply belongs to the “short-term holders.” This cohort doesn’t hold for too long and generally....