Bitcoin holder realized losses hit highest level since FTX collapse

The recent decline in Bitcoin's price has pushed holders' realized losses to their highest level since the collapse of FTX in 2022, according to an analysis by Glassnode. The firm noted that these losses are predominantly driven by short-term holders (STH), indicating heightened capitulation pressure among recent buyers. In contrast, losses among long-term holders (LTH) have been relatively limited, suggesting that the current market stress is primarily concentrated on newer investors.