BTC

$99280.261

0.92%

ETH

$3285.5

-2.11%

BNB

$622.779

-0.19%

XRP

$1.44

22.01%

News

Shocking: 88.3% of Short-Term BTC Holders Struggle with Losses!

August 21, 2023 - Around 2 mins mins to read

Key Points:

  • 88.3% of short-term BTC holders are facing floating losses. Out of their 2.56 million BTC holdings, only 300,000 BTC are profitable.
  • The number of short-term holders (STH) is nearing an all-time low, raising questions about trading strategies and market sentiment.
Glassnode analyst @Checkmatey took to Twitter to share a concerning statistic regarding short-term BTC holders.
BTC Holders Struggle with Losses!

According to the tweet, a staggering 88.3% of these holders find themselves in a precarious position, grappling with floating losses. This revelation has sent ripples through the cryptocurrency community, shedding light on the challenges faced by those who engage in short-term trading.

The data presented in the tweet also revealed another alarming fact – out of the total 2.56 million BTC held by this group, only a mere 300,000 BTC are currently showing profitability. This striking contrast between profitable and loss-bearing holdings underscores the volatility and unpredictability that can accompany short-term trading strategies. Market fluctuations and sudden price corrections have undoubtedly played a role in this situation, leaving a substantial majority of short-term BTC holders at a disadvantage.

Adding to the complexity of the situation is the revelation that the supply of short-term holders (STH) is now hovering close to an all-time low. This detail suggests that while the number of short-term traders has diminished, a significant portion of them is still grappling with losses. This phenomenon prompts questions about the strategies employed by these holders and the overall sentiment within the crypto trading community.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

# Cryptocurrencies

#Bitcoin

BTC

BTC Holders

crypto

Avatar of Annie

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Shocking: 88.3% of Short-Term BTC Holders Struggle with Losses!

Key Points:

  • 88.3% of short-term BTC holders are facing floating losses. Out of their 2.56 million BTC holdings, only 300,000 BTC are profitable.
  • The number of short-term holders (STH) is nearing an all-time low, raising questions about trading strategies and market sentiment.
Glassnode analyst @Checkmatey took to Twitter to share a concerning statistic regarding short-term BTC holders.
BTC Holders Struggle with Losses!

According to the tweet, a staggering 88.3% of these holders find themselves in a precarious position, grappling with floating losses. This revelation has sent ripples through the cryptocurrency community, shedding light on the challenges faced by those who engage in short-term trading.

The data presented in the tweet also revealed another alarming fact – out of the total 2.56 million BTC held by this group, only a mere 300,000 BTC are currently showing profitability. This striking contrast between profitable and loss-bearing holdings underscores the volatility and unpredictability that can accompany short-term trading strategies. Market fluctuations and sudden price corrections have undoubtedly played a role in this situation, leaving a substantial majority of short-term BTC holders at a disadvantage.

Adding to the complexity of the situation is the revelation that the supply of short-term holders (STH) is now hovering close to an all-time low. This detail suggests that while the number of short-term traders has diminished, a significant portion of them is still grappling with losses. This phenomenon prompts questions about the strategies employed by these holders and the overall sentiment within the crypto trading community.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.