Bitcoin's Short-Term Holder Losses Mount as Market Remains Volatile
Bitcoin's recent price fluctuations have left short-term holders facing substantial unrealized losses. With the cryptocurrency trading near $68,000, investors who bought between one to three months ago are averaging a loss of around 24%.
The On Chain Trader cohort, which includes these short-term holders, has a realized price of approximately $90,000. Their positioning is highly relevant at current market conditions, making them price-sensitive and prone to selling pressure until the gap between their entry prices and current market value closes.
Analyst Darkfost pointed out that on the long-term trend, there is a clear positive trend. However, short-term turbulence remains a dominant factor in market conversation. The correction has been significant, and this cohort still has a substantial way to go before returning to a comfortable profit level.