Bitcoin (BTC) market has been very volatile over the past week and under a strong baisse -like influence. During this period Bitcoin has crashed with over 15% falling As low as $ 80,000. Interestingly, Blockchain Analytics Glassnode has provided an in -depth analysis of investors’ behavior in the midst of this price decline that illustrates the cohort with the greatest realized losses.
BTC 1 day to 1-week holders leads market-likeliking pressure
On Friday, February 28, Bitcoin dipped under $ 80,000 and reached a price level that last seen in November 2024. In response, the BTC market registered $ 685 million in realized losses in addition to the first $ 2.16 billion between 25-27 February. On one Last X postGlassnode analysts entered the market from the market on Friday, indicating that this latest capitulation is primarily concentrated Short -term holders (Sth) Who realizes losses at a much higher rate than long -term holders.
From Glassnode’s Report, The Most Affected Cohort of Sth Has Been New Market Entrants Over the Past Week As Indicated In The Following Data: 1-Day to 1-Week Holders With $ 238.8 Million in Losses, 1-Week to 1-Monters ($ 187.6 ($ 132.4 Million) and 24-Hour Buyers ($ 104.9 Million). However, it is worth noting that holders from the last 3-6 months also experienced a significant peak in realized losses. This group registered $ 12.7 million in realized losses on Friday, which corresponds to a 95.4% profit from the previous day.
When you looked further, Glassnode’s report also realized the price on Friday also operated Bitcoin’s average interest rate to $ 57.1 million per hour. The Realization Speed Per Cohort of the Sth-WHO Account for the Majority of the Market Losses is as Follows: 1-day to 1-Week Holders with $ 19.9 Million/Hour, 1-Week to 1-Month Holders ($ 13.9 Million/Hour), 1-month to 3-montth 24-Hour Buyers ($ 8.04 Million/Hour).
As expected, 1-day to 1-week cohort is the dominant force in pushing liquidity pressure with a loss realization almost twice the second largest group.
Bitcoin long -term holders remain determined
According to more data from Glassnode’s report, Bitcoin long -term holders From the last 6-12 months has shown minimal, negligible loss realization despite widespread market capitulation.
This development indicates that long -term investors are largely incredible of recent sales and price correction with strong confidence in a market recovery. At press time, Bitcoin is shopping for $ 85,200 after a certain price recycling on Friday. However, its weekly losses remain of 11.34% indicating the current Baissian feature of the market.
Image from Getty Images, Chart from TradingView
