Bitcoin passes $26,000 but 30% of long-term holders remain in loss

09/14/2023 23:00

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Over 30% of long-term holder supply is still at a loss, despite Bitcoin breaking above the $26,000 level this week.

Bitcoin passes $26,000 but 30% of long-term holders remain in loss 11 seconds ago · 2 min read

Bitcoin's climb to $26,000 fails to lift the spirits as 30% of long-term holder supply remains in loss.

2 min read

Updated: September 14, 2023 at 4:21 pm

Bitcoin passes $26,000 but 30% of long-term holders remain in loss

Cover art/illustration via CryptoSlate

As Bitcoin finally broke the $26,000 threshold on Sep. 12, the market reacted with a ripple of hope. But, there's more to this story. While Bitcoin's hike has benefited some LTHs, a surprising 30% are still waiting for a profit. But why? As we dissect the LTH-SOPR multiple and its recent downtrend...