Bitcoin investors diverge over the latest BTC price losses.
The STH aggregate breakeven point, known as realized price, currently sits above $28,500.Analyzing the proportion of exchange inflows originating from STH entities in profit and loss, respectively, Glassnode predictably warns that the cohort was becoming increasingly “sensitive” to market movements.
“This week we saw the largest loss dominance reading since the March sell-off to $19.8k. This suggests that the STH cohort are both largely underwater on their holdings, and increasingly price sensitive.”Seasoned hodlers' BTC supply share hits new peak “The LTH cohort did not meaningfully increase volume sent to exchanges, and their aggregate balance actually ticked up to a new ATH this week.”“Long-Term Holders remain largely unfazed and unresponsive, which is a typical behavior pattern of this cohort during bear market hangover periods,” “The Week On-Chain” concludes.
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