Report: Short-term Bitcoin holders bear the majority of unrealized losses

According to a report released by cryptocurrency analysis company Glassnode on June 4, when the price of Bitcoin hovered around $68,000 on June 4, "0.03%" of long-term holders (those who have held Bitcoin for more than 155 days) were still in a "loss state". This group is mainly composed of people who bought Bitcoin during the bull market cycle in 2021, when Bitcoin reached a historical high of $69,000 in November 2021.

Glassnode pointed out that even if the price reaches $68,000, the total loss of long-term holders is "negligible", with about 4,900 Bitcoins purchased above the current spot price. Short-term holders (those who have held Bitcoin for less than 155 days) bear most of the unrealized losses. These people mainly bought in March when Bitcoin reached its all-time high of $73,679 on March 13.