Long-Term Holder Losses Can Last a Year A first print of holder stress is not the same as a finished bottom. Glassnode’s LTH-SOPR chart shows older coins can be spent at a loss for a long time. The 2014–15 bear kept that condition in place for 402 days, with the metric falling to 0.50, or about a 50% average loss. The 2018–19 bear lasted 328 days and bottomed near 0.48, or about a 52% loss. March 2020 was short: 50 days, down to 0.80, or about a 20% loss. In July 2022 the same metric was at 0.67. Long-term holders moving coins were locking in an average 33% loss after only 51 days in that zone. Glassnode still warned that prices could fall further. They did. Cryptoquant_com’s long-term versus short-term comparison needs the same caution. Being less profitable than another cohort does not automatically mean you are realizing a loss. Relative underperformance can persist while the broader reset is unfinished. That still leaves a case to accumulate. It does not create a reason to rush. Prior cycles needed time in loss, not just the first reading of it. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $XRP