Cryptocurrency
Bitcoin Short-Term Holders in Panic Mode as Nearly All Are in the Red
Bitcoin speculators are dealing with “a degree of panic” as their BTC holdings sit in unrealized loss, according to a recent report by on-chain analytics firm Glassnode.
The report, published on September 17, found that 97.5% of Bitcoin’s short-term holders (STHs) are currently in unrealized loss. This means that their cost basis for BTC is higher than the current market price.