Glassnode: 83.7% of short-term BTC holders are in a state of unrealized losses


Cryptocurrency data analytics company Glassnode noted in its weekly report that both on-chain and off-chain transaction volumes in the cryptocurrency market have reached an all-time low. Long-term holders of Bitcoin (BTC) remain confident in the market, but 83.7% of short-term holders are still at unrealized losses and they are becoming increasingly sensitive to price fluctuations. Additionally, they added that in terms of stablecoins, redemptions are continuing for all major stablecoins except USDT, leading to a continued decline in stablecoin supply since April last year. Compared to November last year, USDC supply decreased by $16.7 billion, while USDT supply increased by more than $13.3 billion. In the stablecoin market, USDT’s share increased to 69%, an increase of 25 percentage points from June last year.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)