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A recent decrease in price in Bitcoincaused by the turbulent cryptocurrency market, he sent many investors into panic mode, forcing them to relieve BTC resources with a loss.
However, Blockchain Analytics Glassnode noticed that the Bitcoin investors group remained resistant despite the variability of the cryptocurrency market, saying that long -term owners of the original cryptography are not called by the current decline in the market.
Long -term owners “largely intact”
Glassnode said that Bitcoin, like other cryptocurrencies, experienced a trembling week in which traders saw the most dominant digital asset disaster in the world below USD 100,000.
At some point, the price of Bitcoin almost reached USD 90,000, in the amount of USD 92,800, February 3, which was the lowest because BTC recorded USD 90,890 on January 13.
On the lighter side, the Analytical Blockchain company noticed that long -term BTC owners seem isolated from everyone Chaos surrounding cryptocurrency The community, saying: “long -term owners (LTH) #BTC remain largely intact.”
Glassnode revealed that the data showed that almost 0.01% of the supply of these BTC owners were lossy, emphasizing the resistance of long -term investors in times of market turbulence. However, the cryptographic company noticed that these Bitcoin investors have experienced a decrease in unrealized profit.
“However, their unrealized share of profits has been constantly falling since November, currently the lowest since September – which suggests that there is no re -accumulation,” Glassnode said.
The analyst noticed that BTC owners do not buy aggressively at current prices, perhaps waiting for better market signals before the resumption of accumulation.
Bitcoin miniature -term owners bleed
Meanwhile, the data has shown that another Bitcoin investors segment suffered the most due to the market-breaking market disaster.
According to Glassnode, miniature -term BTC owners have experienced a significant loss after the cryptocurrency price dropped below USD 100,000, causing panic among these traders.
#Bitcoin Immersed below $ 100,000 at the weekend, exceeding the significant amount of miniature -term owner supply (STH) into losses. At USD 97,000, the supply of losses and profits owned by STHS was evenly divided into ~ 11% – the largest exposure to losses for STHS from the beginning of January: https://t.co/drjy6ahqmm pic.twitter.com/gypnij0bqx
– Glass node (@Glassnode) February 3, 2025
Glassnode said that when Bitcoin fell to $ 100,000 over the weekend, he pushed “a significant amount of short -term supply (STH) in losses.”
“At 97 thousand USD supply of losses and profits owned by STHS has been evenly divided into ~ 11% – The largest exposure to losses for STHS From the beginning of January, “said Blockchain analytical company on the post of X.
Bears of market moods
The analyst noticed that Bitcoin has briefly fallen so low that he almost reached USD 90,000 per coin, because the dominant crypto suffered after a market accident.
“Bitcoin dropped to USD 91.2,000, because all the crypto immersed in global stock markets, starting a week with severe bleeding. It seems that the media attribute violent sectors “Trump trade war”“Santiment on the market intelligence platform said in the post.
Bitcoin fell to even USD 91.2,000, because all the crypto based on global stock markets, starting a week with severe bleeding. It seems that the media attribute violent sectors of the “Trump Trade War”.
Is this the main reason or are they different … pic.twitter.com/ij1bq6xfuuu
– Santiment (@santimentfeed) February 3, 2025
Santiment added that as a result of a decrease in prices, there will be a mostly negative reactions from investors in the cryptocurrency community, and it seems that BTC intends to enter the territory of the bear.
The market intelligence platform has noticed that at the moment Bitcoin was able to return to USD 96,000.
“Would this rinsed be to sell salesmen to salesmen to traders. Historically, markets practically always move in the opposite direction of the crowd’s expectations, “Santiment asked in the post.
A distinguished picture from Pexels, chart from TradingView
