Hodlers in loss sit on 50% of BTC supply after $5.7K Bitcoin price dip

[Google News Bot]

Bitcoin (BTC) is setting unenviable records this week as hodlers big and small battle some major pain. Data from on-chain analytics firm Glassnode shows over one-third of the BTC supply being held at a loss by long-term hodlers (LTHs) — a new all-time high. Long-term holders shoulder record unrealized losses Profitability has taken a serious hit in recent days, and on-chain data confirms that even the most seasoned investors are suffering. As BTC/USD crashed to two-year lows of $15,600, investors began to lose big, and at current levels of $17,200, the situation is not much better. Glassnode ...

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