As Bitcoin finally broke the $26,000 threshold on Sep. 12, the market reacted with a ripple of hope. But, there's more to this story. While Bitcoin's hike has benefited some LTHs, a surprising 30% are still waiting for a profit. But why? As we dissect the LTH-SOPR multiple and its recent downtrend...
Bitcoin passes $26,000 but 30% of long-term holders remain in loss Bitcoin passes $26,000 but 30% of long-term holders remain in loss
Bitcoin's climb to $26,000 fails to lift the spirits as 30% of long-term holder supply remains in loss.
2 min read
Updated: Sep. 14, 2023 at 5:34 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
