Bitcoin $100K Breakdown Spells Trouble For Short-Term Investors—Study
The recent price is low BitcoinCaused by the turbulent cryptocurrency market, many investors have fallen into a panic mode, forcing them to uninstall BTC holdings at a loss.
However, Blockchain Analysis Company GlassNode pointed out that although the volatility of the cryptocurrency market is still a group of Bitcoin investors, he said that the current market decline has not maintained long -term holders.
Related reading
Long -term holders “to a large extent are not affected”
GlassNode said that, like other cryptocurrencies, Bitcoin has gone through a crumbling week, and traders collapsed the world’s main digital assets below $ 100,000.
On one occasion, the price of Bitcoin reached almost 90,000 US dollars, and the price on February 3 was $ 92,800. This is the lowest since the BTC on January 13th.
On a brighter side, the blockchain analysis company pointed out that the long -term holders of BTC seem to be with all The chaos around cryptocurrencies The community said: ” # 社 社 社 (LTHS) is still not affected.”
GlassNode shows that data shows that nearly 0.01 % of these BTC holders are losing the loss, which emphasizes the elasticity of long -term investors during the market turbulence. However, the cryptocurrency company pointed out that these Bitcoin investors have experienced unrealized profits.
GlassNode said in a post: “However, since November, their unreasonable profits have been steadily declining, the lowest level since September, which indicates that it has not resumed accumulation.”
Analysts pointed out that BTC holders did not actively buy at the current price and may wait for better market signals before restoring accumulation.
Bitcoin short -term holding people bleed
At the same time, the data shows that another bit of Bitcoin investors suffer the biggest loss of market crash-short-term holders.
According to GlassNode, after the price of cryptocurrencies fell below $ 100,000, the short -term BTC holder caused huge losses and caused panic of these traders.
#Bitcoin The weekend declined below $ 100,000, pushing the obvious short -term holder (STH) supply to the loss. The loss and profit supply held by STH are 97,000 US dollars, with an average distribution of about 11 %. This is the biggest loss of losses since the beginning of January: https://t.co/drjy6Ahqmm pic.twitter.com/gypnij0bqx
-Grame node (@GlassNode) February 3, 2025
GlassNode said that when Bitcoin fell to $ 100,000 on weekends, it would “push the supply of short -term holders (STH) to losses.”
“At a price of $ 97,000, the loss and profit supply held by STH evenly allocated about 11 % STH’s biggest loss exposure Since the beginning of January, “Blockchain Analysis Company said in X post.
See the market emotions
An analyst pointed out that Bitcoin has fallen so low in a short period of time, so that each coin has reached almost 90,000 US dollars, because after the market crash, the main cryptocurrency suffered losses.
“The price of Bitcoin was as low as $ 91.2K, because the stock market of all cryptocurrencies began this week. The media and the media seemed to tend to the situation “Trump’s trade war”“Market Intelligence Platform Santiment said in an article.
9 Bitcoin fell to $ 91.2K because all cryptocurrencies’ stock markets began this week. The media seems to be attributed to the “Trump’s trade war.”
Is this the main reason or other … pic.twitter.com/ij1bq6xfuu
-santiment (@santimentfeed) February 3, 2025
Related reading
Santime added that due to the decline in price, investors have caused an overwhelming negative response among investors, and BTC seems to be about to enter the drop of land.
Market intelligence platform pointed out that Bitcoin can withdraw $ 96,000 at present.
“Is this carefully planned to make retailers with a happy trigger selling at the bottom of the local bottom? From a historical point of view, the market almost always the opposite direction of mobile population expectations.”
Featured images from Pexels, charts of tradingView
