$SOL Y this is where things get interesting when we analyze the different types of holders. On one hand, we have the Short-Term Holders (STHs). These are the newcomers, those who bought Bitcoin less than 155 days ago. And, as expected, with the current price trading below the levels of much of that period, they are suffering their share! The metric of Unrealized Loss by Percentage Decrease for this group has skyrocketed, reaching levels we saw at the beginning of previous bear markets. In other words, those who arrived late to the party are paying the price.
But, beware!, the story is very different on the other side of the spectrum, with the Long-Term Holders (LTHs). These are the veterans, those who have held their Bitcoin for more than 155 days. And here comes the surprise: this group, in general, is not experiencing significant unrealized losses at this time!
Historically, when Bitcoin has entered a serious bear market, LTHs have also seen their unrealized losses spike, albeit with a certain delay after the price reaches its peak. That signal, that historical confirmation that tells us "friends, the bear has come to stay", has not yet manifested in the data of the LTHs!
But, beware!, the story is very different on the other side of the spectrum, with the Long-Term Holders (LTHs). These are the veterans, those who have held their Bitcoin for more than 155 days. And here comes the surprise: this group, in general, is not experiencing significant unrealized losses at this time!
Historically, when Bitcoin has entered a serious bear market, LTHs have also seen their unrealized losses spike, albeit with a certain delay after the price reaches its peak. That signal, that historical confirmation that tells us "friends, the bear has come to stay", has not yet manifested in the data of the LTHs!