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The Daily Hodl 2024-08-22 14:30:29

New Bitcoin Investors Going Through ‘Pain Cycle’ Amid Unrealized Losses: Glassnode

Bitcoin (BTC) short-term holders have absorbed most of the market’s recent losses, according to the crypto analytics firm Glassnode. The analytics firm defines short-term holders (STHs) as entities that have held their BTC for less than 155 days. Glassnode looks at the 30-day average of the STH Market Value to Realized Value (MVRV) ratio. The The post New Bitcoin Investors Going Through ‘Pain Cycle’ Amid Unrealized Losses: Glassnode appeared first on The Daily Hodl .

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