Bitcoin Long-Term Holders Now Own Nearly 80% Of Realized Cap

On-chain data shows the part of the Bitcoin realized cap held by the long-term holders has increased and is now at nearly 80%.

Bitcoin Long-Term Holders Realize March 2020-Like Losses As BTC Crashes

On-chain data shows the Bitcoin long-term holder SOPR has dropped to March 2020 levels as the price of the crypto crashes below $24k.

Price analysis 6/8: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, AVAX, SHIB

Bitcoin and altcoins are losing bullish momentum and persistent selling at overhead resistance suggests that the current consolidation is far from over. Bitcoin (BTC) continues to trade in a range with the local tops and bottoms coinciding with increased whale activity in the region, according to on-chain analytics resource Whalemap.The range-bound action in Bitcoin has kept the analysts guessing and a few expect the consolidation to continue for some more time, while others anticipate another leg lower.A June 6 Glassnode report said that the aggregated realized losses from long-term holders reflected more than 0.006% of the market capitalization on May 29.

Glassnode: Bitcoin Long-Term Holders Own 90% Of Supply In Profit

Latest data from Glassnode shows Bitcoin long-term holders currently own around 90% of the total supply in profit.

Longer-term Bitcoin holder losses hit two year lows

Bitcoin’s long-term holders are beginning to suffer losses matching those from previous bear markets, and Glassnode believes the pain may continue, and even get worse. Long-term Bitcoin holders are sitting on their largest losses since the March 2020 capitulation and the 2018-2019 bear market but may have to keep waiting for relief.Calculated by measuring the value of coins deposited to exchanges, aggregated realized losses from long-term holders (LTH) of Bitcoin (BTC) exceeded 0.006% of the market capitalization by May 29 according to Glassnode’s The Week Onchain report from June 6.Long-term holders are suffering their worst losses since March 2020.However, the dramatic losses may continue for some time if historic loss patterns from previous bear markets are to be repeated.

Bitcoin’s Bear Market Long-Term Holders Capitulation Started: Reason for Optimism?

Long-term holders' capitulation has started and the cohort is currently selling at a loss.

Bitcoin LTHs Realized Significant Losses Recently, Final Capitulation Here?

Data shows Bitcoin long-term holders have realized a significant amount of losses recently, a sign that the final capitulation before the bottom may be here.

On-chain data shows Bitcoin long-term holders continuing to ‘soak up supply’ around $30K

Despite being underwater on a portion of BTC positions, data shows long-term holders continuing to accumulate Bitcoin in its current range. Bear markets are typically marked by a capitulation event where discouraged investors finally abandon their positions and asset prices either consolidate as inflows to the sector taper off or a bottoming process begins. According to a recent report from Glassnode, Bitcoin hodlers are now “the only ones left” and they appear to be “doubling down as prices correct below $30K.”Evidence of the lack of new buyers can be found looking at the number of wallets with non-zero balances, which has plateaued over the past month, a process that was seen after the crypto market sell-off in May of 2021.

Long-Term Holders Double Down on Ethereum (ETH), According to Crypto Analytics Firm IntoTheBlock

A leading crypto analytics firm says long-term holders are buying into Ethereum (ETH) despite the second-ranked crypto asset’s price struggles.