The Bitcoin (BTC) market was very unstable last week and under forceful influence. During this period, Bitcoin failed by over 15%, falling by up to USD 80,000. Interestingly, Blockchain Analytics Glassnode provided an in -depth analysis of investor behavior among the price drop, emphasizing Kohort with the largest losses implemented.
BTC from 1 to 1 weeks owners, emphasis on market liquidation
On Friday, February 28, Bitcoin fell below USD 80,000, reaching a price level recently in November 2024. In response, the BTC market recorded USD 685 million of implemented losses, in addition to the initial USD 2.16 billion between USD 25-27. IN Last x postGlassnode analysts recorded on Friday on the market, indicating that this recent surrender is concentrated primarily among brief -term owners (STH) who implement losses at a much higher pace than long -term owners.
From the Glassnode report, the most affected Kohort STH was recent market participants over the past week, as indicated in the following data: from 1 to 1 week owners from $ 238.8 million losses, from 1 week to 1-month owners ($ 187.6 million), 1-month owners’ owners ($ 132.4 million). It is worth noting, however, that owners from the last 3-6 months have also experienced a significant raise in the realized losses. This group recorded $ 12.7 million on Friday on Friday, which is an raise in 95.4% from the previous day.
Looking further, the Glassnode report also realized that the decrease in prices on Friday also reduced the average rate of Bitcoins loss to USD 57.1 million per hour. The speed of implementation to Kohorta STH-which is responsible for most market losses, is as follows: from 1 to 1 week owners from $ 19.9 million/hour, from 1 week to 1-month owners (USD 13.9 million/hour), 1-month owners of 3-month owners (USD 14.2 million/hour) and 24-hour buyers (USD 8.04 million).
As expected by Kohort from 1 to 1 week, it is the dominant force in driving liquidity pressure with the indicator of the realization of losses almost twice as much than the next largest group.
Bitcoin long -term owners remain determined
According to a larger number of data from the Glassnode report, long-term Bitcoin owners from the last 6-12 months showed a minimum, slight implementation of losses despite the universal market surrender.
This development indicates that long -term investors are largely disordered by the last sale and price correction with forceful trust in market reflection. During the Bitcoin press it trades at USD 85,200 after recovering prices on Friday. However, his weekly losses remain at the level of 11.34% indicating the current bear on the market.
A distinguished picture from Getty Images, Chart from TradingView
