Glassnode: Long-term holders have not experienced historical-level pressure on BTC; this pullback is far below the levels of a deep bear market.

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ME News
05-12
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According to ME News, on May 12th (UTC+8), Glassnode released data on its X platform showing that the unrealized loss of Bitcoin long-term holders (LTH) reached approximately 15% in early April. Compared to historical deep bear market cycles where this indicator exceeded 75%, the impact of this market correction on long-term holders is significantly lighter. Analysis indicates that although the recent price pullback has resulted in some paper losses, the 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 correction is more of a medium-term fluctuation than a full-blown cyclical capitulation. (Source: ME)

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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