Bitcoin Price Dip Means Big Paper Losses for Short-Term Holders: Glassnode Data

Bitcoin’s Short-Term Holders (STHs) face their biggest paper losses since past bear markets due to recent price drops. Glassnode data shows these holders are down ~$30,000 for every 1% Bitcoin falls – echoing historical market bottoms and capitulation events, which goes on to show that many recent Bitcoin buyers are underwater. Historically, this situation often […] The post Bitcoin Price Dip Means Big Paper Losses for Short-Term Holders: Glassnode Data appeared first on Coin Edition.