Bitcoin's recent ride between $60,000 and $62,000 has provided an intriguing backdrop to scrutinize the differing behaviors of long-term and short-term holders. While short-term holders were quick to offload nearly 186,945 BTC in substantial losses, long-term holders revealed a much more measured response, losing just over 61 BTC. As prices seesawed, a particular day saw both groups making significant profits, hinting at a crucial market move. So, what happened on July 1 that made even the steadfast long-term holders take action? Discover it all on CryptoSlate Alpha.
Long-term holders realize all of the profit and none of the losses Long-term holders realize all of the profit and none of the losses
Data shows over 99% of Bitcoin losses were incurred by short-term holders during the past week.
3 min read
Updated: Jul. 5, 2024 at 12:06 am 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.
