According to data released by Glassnode on its X platform, as reported by Odaily Odaily, the relative unrealized loss of Bitcoin long-term holders (LTH) reached approximately 15% in early April. Compared to the level exceeding 75% during historical deep bear market cycles, the impact of this market correction on long-term holders is significantly milder.
Analysis indicates that although the recent price pullback has resulted in some paper losses, overall pressure remains far below historical cycle lows, suggesting that the current decline has not yet substantially tested the conviction of long-term holders. Structurally, this round of correction is more of a medium-term fluctuation than a full-blown cyclical capitulation.
