Longer-term Bitcoin holder losses hit two year lows

2022.06.07 10:51

Longer-term Bitcoin holder losses hit two year lows

Long-term Bitcoin holders are sitting on their largest losses since the March 2020 capitulation and the 2018-2019 bear market but may have to keep waiting for relief.

Calculated by measuring the value of coins deposited to exchanges, aggregated realized losses from long-term holders (LTH) of Bitcoin (BTC) exceeded 0.006% of the market capitalization by May 29 according to Glassnode’s report from June 6.

Long-term holders are suffering their worst losses since March 2020.

Source