Name: Nearly All Short-Term Bitcoin Owners Are Underwater, On-Chain Data Reveals
Uploaded: 2023-08-23T16:58:55.000Z
Duration: 1 min 4 s
Description: Data tracked by Glassnode shows that nearly 90% of bitcoin short term holders have held onto their coins for 155 days or less. In other words, of the 2.56 million bitcoin ($66.5 billion) held by short-term holders, around 2.26 million bitcoin have an acquisition cost higher than the going market rate. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

CD20$2,040.372.49%BTC$73,807.270.57%ETH$2,021.720.53%XRP$1.341.67%SOL$82.610.91%

Nearly All Short-Term Bitcoin Owners Are Underwater, On-Chain Data Reveals | CoinDesk Videos

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CD20$2,040.372.49%BTC$73,807.270.57%ETH$2,021.720.53%XRP$1.341.67%SOL$82.610.91%

Nearly All Short-Term Bitcoin Owners Are Underwater, On-Chain Data Reveals | CoinDesk Videos