According to BlockBeats, Glassnode has reported that Bitcoin short-term holders have experienced substantial losses during the current market adjustment. These losses are comparable to those seen at the beginning of bear markets in previous cycles.
Long-term Bitcoin holders remain generally profitable. However, as Bitcoin purchased at higher prices ages and transitions into the long-term holding category, the pressure to absorb market losses may increase. Historically, this shift often signals the confirmation of a bear market, although similar market trends have not yet emerged.
