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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-highlight-the-potential-misleading-nature-of-long-term-bitcoin-holders-losses/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analysts Highlight the Potential Misleading Nature of Long-Term Bitcoin Holders’ Losses</a><br></p>
<p style="text-align: justify">Long-term Bitcoin holders currently hold a significant amount of BTC at a loss. However, Glasnode’s on-chain analysts believe this metric may be misleading. Here are the key details.</p>
<h2 id="the-increase-in-long-term-bitcoin-holders">The Increase in Long-Term Bitcoin Holders</h2>
<p style="text-align: justify">Data shows that the ratio of long-term holders to short-term holders has risen to 5.4. This figure marks the highest level since mid-2021. Nevertheless, there has been a notable increase in the number of long-term holders experiencing losses.</p>
<p style="text-align: justify">Glasnode analysts attribute this situation to BTC purchased around the all-time high of $73,000 maturing past a 155-day threshold.</p>
<h2 id="market-reactions">Market Reactions</h2>
<p style="text-align: justify">The analysts identified that this long-term holder group now constitutes 47.4% of all coins at a loss. Despite these conditions, they emphasized that the magnitude of “paper” losses is relatively small, noting that “This indicates many ‘high-profile buyers’ are technically at a loss on their investments, but the scale of portfolio withdrawals is relatively small, suggesting minimal financial pressure.”</p>
<p style="text-align: justify">Glasnode analysts stated that this observation is constructive. Based on historical patterns, it suggests that Bitcoin holders are entering a “reaccumulation” phase.</p>
<p style="text-align: justify">Last week, Bitcoin’s price dropped by 6.36%, marking an unexpected start to October, usually one of Bitcoin’s best months. At the time of writing, Bitcoin is trading at $61,300, with a daily trading volume of around $34 billion.</p>
<p style="text-align: justify">According to Glasnode, the losses of long-term holders may be misleading, with minimal impact on the market. This situation indicates that Bitcoin may enter a reaccumulation process in the future. These dynamics in the Bitcoin market provide crucial insights for investors, emphasizing the importance of securing long-term investments and analyzing market movements for future decisions.</p>
<p>The post <a href="https://en.coin-turk.com/analysts-highlight-the-potential-misleading-nature-of-long-term-bitcoin-holders-losses/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analysts Highlight the Potential Misleading Nature of Long-Term Bitcoin Holders’ Losses</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Analysts Highlight the Potential Misleading Nature of Long-Term Bitcoin Holders’ Losses

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