Long term Bitcoin 
$61,536 The large amount of BTC held by those who hold it is currently held at a loss. However, Glasnode’s on-chain analysts are of the opinion that this metric can be misleading. Here are the highlights.
The Ratio of Long-Term Bitcoin Holders Is Increasing
Data shows that the ratio of long-term holders and short-term holders in the Bitcoin supply increased to 5.4. This rate is the highest since mid-2021. However, there is a significant increase in the number of long-term holders who are at a loss.
Glasnode analysts state that this is due to the fact that BTCs purchased around the all-time high of $ 73 thousand began to mature by exceeding the 155-day threshold.
Echoes of the Stock Exchange
Analysts found that this group of long-term holders now accounts for 47.4 percent of all coins in losses. “This means that many ‘high-end buyers’ technically lost money on their investments, but the scale of the portfolio withdrawal was relatively small and the financial pressure could be interpreted as minimal.” He dropped his note.
Glasnode analysts stated that this observation was a constructive comment. Based on historical patterns, this suggests that Bitcoin holders are entering a “reaccumulation” phase.
Bitcoin price fell 6.36 percent last week, marking an unexpected start to October, which is generally one of the best months for Bitcoin. At the time of writing, Bitcoin is trading at $61,300 and its daily transaction volume is around $34 billion.
According to Glasnode’s statements, the losses for long-term holders may be misleading and the impact on the market is minimal. This indicates that Bitcoin may enter the accumulation process again in the future. These dynamics in the Bitcoin market offer important clues for investors. Protecting long-term investments and analyzing market movements can be critical for future decisions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
