According to Cointelegraph, Glassnode revealed the true cost of last week's Bitcoin price crash on newcomers in its latest weekly report "A Week on the Chain". Short-term holders (STH) are at the more speculative end of the Bitcoin holder spectrum. Glassnode defines entities that hold Bitcoin for no more than 155 days as STH. Research shows that of the 2.56 million BTC held by STH, only 300,000 BTC (11.7%) are still profitable. At the same time, the investor base of long-term holders (LTH) has not yet reacted significantly to the price drop to $26,000 and below. Glassnode confirmed: "From the reaction of long-term holders (LTH), there is almost no reaction."