Bitcoin speculators are underwater on 88% of their BTC bags — Research
A tale of two types of Bitcoin investor emerges, as BTC price action separates "sensitive" speculators from seasoned hodlers. Bitcoin (BTC) holdings owned by speculators are nearly 90% in the red after the “flash crash” to $26,000, new research says. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode reveals the true cost of last week’s BTC price dip to newcomers. Short-term holders "increasingly sensitive" to BTC price While only totalling around 10%, the drop on BTC/USD seen toward the end of last week upended market sentiment. As BTC price predictions focus on $25,000 and even lower, the dust is settling on a trading environment accustomed to months of sideways behavior. Arguably nowhere is this more visible than among short-term holders (STHs) — the more speculative end of the hodler spectrum. Glassnode defines an STH as an entity holding onto BTC for 155 days or less. Its counterpart is the long-term holder (LTH), mo...