{"id":351536,"date":"2023-08-21T20:00:31","date_gmt":"2023-08-21T19:00:31","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=351536"},"modified":"2023-08-21T20:08:43","modified_gmt":"2023-08-21T19:08:43","slug":"short-term-holders-are-sitting-on-1-3m-btc-at-a-loss","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/","title":{"rendered":"Short-term holders are sitting on 1.3M BTC at a loss"},"content":{"rendered":"<p class=\"p1\"><a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a> experienced a significant dip last week, losing over 9% in 24 hours and dropping to $26,299 on Aug. 18. Its price plunged even further during the weekend, settling at $26,198 on Aug. 20.<\/p>\n<p class=\"p1\">A massive exodus of leverage from the derivatives market primarily triggered this abrupt decline. As leverage was flushed out, the spot market quickly followed suit, exerting even more downward pressure on Bitcoin\u2019s price.<\/p>\n<p class=\"p1\">And while Bitcoin\u2019s price currently stands above the $26,000 level, its stability above this threshold is under question. There\u2019s an underlying concern that if <a href=\"https:\/\/cryptoslate.com\/insights\/short-term-bitcoin-holders-under-market-pressure-with-millions-potentially-at-loss\/\">short-term holders start offloading<\/a> their holdings driven by panic, the price could drop even further.<\/p>\n<p class=\"p1\">Short-term holders are entities that have held onto their Bitcoin for less than 155 days. As newcomers to the market, they are typically more reactive to price fluctuations, often making trading decisions based on short-term market dynamics rather than long-term potential.<\/p>\n<p class=\"p1\">As Bitcoin\u2019s price took a nosedive, the portion of its supply held by short-term holders remained relatively stable. However, their unrealized losses saw a significant surge.<\/p>\n<figure id=\"attachment_351544\" aria-describedby=\"caption-attachment-351544\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-351544\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-august.png\" alt=\"short-term holders supply august\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-august.png 1800w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-august-300x169.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-august-1024x576.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-august-768x432.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-august-1536x864.png 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><figcaption id=\"caption-attachment-351544\" class=\"wp-caption-text\">Graph showing Bitcoin supply held by short-term holders in August 2023 (Source: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&category=Supply&m=supply.SthSum&s=1690840800&u=1692568799&zoom=\">Glassnode<\/a>)<\/figcaption><\/figure>\n<p class=\"p1\">Data from Glassnode showed a near-vertical drop in the percentage of short-term holder supply in profit. On Aug. 14, this figure stood at 2.56 million BTC. A week later, on Aug. 21, it stood at 321,238 BTC. This represents a slight increase from the 8-month low recorded on Aug. 18, when the short-term holder supply in profit dropped to 279,907 BTC \u2014 an 82% drop from Aug .14.<\/p>\n<figure id=\"attachment_351545\" aria-describedby=\"caption-attachment-351545\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-351545\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-in-profit.png\" alt=\"short-term holders supply in profit\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-in-profit.png 1800w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-in-profit-300x169.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-in-profit-1024x576.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-in-profit-768x432.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-in-profit-1536x864.png 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><figcaption id=\"caption-attachment-351545\" class=\"wp-caption-text\">Graph showing short-term holder supply in profit from May 21 to Aug. 21, 2023 (Source: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&category=Supply&m=supply.SthProfitSum&s=1684838558&u=1692614558&zoom=90\">Glassnode<\/a>)<\/figcaption><\/figure>\n<p class=\"p1\">Short-term holders are currently sitting on approximately 1.28 million BTC at a loss. If Bitcoin\u2019s price trajectory continues on this volatile course, there\u2019s a looming risk that a sizeable portion of this BTC could flood exchanges. This could create immense selling pressure, potentially triggering further price cascades.<\/p>\n<figure id=\"attachment_351546\" aria-describedby=\"caption-attachment-351546\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-351546\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-at-loss-august.png\" alt=\"short-term holders supply at loss august\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-at-loss-august.png 1800w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-at-loss-august-300x169.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-at-loss-august-1024x576.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-at-loss-august-768x432.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/short-term-holders-supply-at-loss-august-1536x864.png 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><figcaption id=\"caption-attachment-351546\" class=\"wp-caption-text\">Graph showing short-term supply at loss in August 2023 (Source: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&category=Supply&m=supply.SthLossSum&s=1690840800&u=1692568799&zoom=\">Glassnode<\/a>)<\/figcaption><\/figure>\n<p class=\"p1\">The market currently sits at a <a href=\"https:\/\/cryptoslate.com\/insights\/bitcoins-plunge-to-26-1k-triggers-massive-reset-in-crypto-market-dynamics\/\">critical juncture<\/a>, as the actions of short-term holders in the coming days could significantly influence Bitcoin\u2019s price direction. Historically, long-term holders have absorbed most of the coins distributed by short-term holders, quickly re-establishing equilibrium on the market. However, long-term holders have been increasing their supply, and there\u2019s a possibility that they could lack the liquidity necessary to stop further price drops.<\/p>\n<figure id=\"attachment_351543\" aria-describedby=\"caption-attachment-351543\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-351543\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/lth-supply-3mo.png\" alt=\"long-term holder supply\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/lth-supply-3mo.png 1800w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/lth-supply-3mo-300x169.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/lth-supply-3mo-1024x576.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/lth-supply-3mo-768x432.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/lth-supply-3mo-1536x864.png 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><figcaption id=\"caption-attachment-351543\" class=\"wp-caption-text\">Graph showing Bitcoin supply held by long-term holders from May 21 to Aug. 21, 2023 (Source: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&category=Supply&m=supply.LthSum&s=1684838371&u=1692614371&zoom=90\">Glassnode<\/a>)<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin experienced a significant dip last week, losing over 9% in 24 hours and dropping to $26,299 on Aug. 18. Its price plunged even further during the weekend, settling at $26,198 on Aug. 20. A massive exodus of leverage from the derivatives market primarily triggered this abrupt decline. As leverage was flushed out, the spot [&hellip;]<\/p>\n","protected":false},"author":759,"featured_media":351539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77921],"tags":[78595,78613,78798,78799],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Short-term holders are sitting on 1.3M BTC at a loss<\/title>\n<meta name=\"description\" content=\"Bitcoin&#039;s drop wiped out all profits form short-term holders, with the cohort currently sitting on approximately 1.28 million BTC at a loss.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Short-term holders are sitting on 1.3M BTC at a loss\" \/>\n<meta property=\"og:description\" content=\"Bitcoin&#039;s drop wiped out all profits form short-term holders, with the cohort currently sitting on approximately 1.28 million BTC at a loss.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-21T19:00:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-21T19:08:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/bitcoin-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Andjela Radmilac\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@andjelaradmilac\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Andjela Radmilac\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/andjela-radmilac\/#person\",\"name\":\"Andjela Radmilac\",\"url\":\"https:\/\/cryptoslate.com\/author\/andjela-radmilac\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/andjela-radmilac\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/andjela-radmilac\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-andjela-radmilac-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-andjela-radmilac-300x300.jpg\",\"caption\":\"Andjela Radmilac\"},\"jobTitle\":\"Senior Analyst\",\"description\":\"Andjela brings a classical education and politics background to crypto, where she has covered industry news since 2018.\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/x.com\/andjelaradmilac\",\"https:\/\/www.linkedin.com\/in\/andjelaradmilac\",\"https:\/\/muckrack.com\/andjela-radmilac\"]},\"headline\":\"Short-term holders are sitting on 1.3M BTC at a loss\",\"datePublished\":\"2023-08-21T19:00:31+00:00\",\"dateModified\":\"2023-08-21T19:08:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/\"},\"wordCount\":432,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"keywords\":[\"bitcoin supply\",\"short-term holders\",\"short-term supply\",\"unrealized loss\"],\"articleSection\":[\"Research\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/\",\"url\":\"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/\",\"name\":\"Short-term holders are sitting on 1.3M BTC at a loss\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2023-08-21T19:00:31+00:00\",\"dateModified\":\"2023-08-21T19:08:43+00:00\",\"description\":\"Bitcoin's drop wiped out all profits form short-term holders, with the cohort currently sitting on approximately 1.28 million BTC at a loss.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Short-term holders are sitting on 1.3M BTC at a loss\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/cryptoslate.substack.com\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.crunchbase.com\/organization\/cryptoslate\",\"https:\/\/iq.wiki\/wiki\/cryptoslate\",\"https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ\",\"https:\/\/muckrack.com\/media-outlet\/cryptoslate\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/advertising\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/699a3980d313687a5551af6b58862d08\",\"name\":\"Andjela Radmilac\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-andjela-radmilac-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-andjela-radmilac-150x150.jpg\",\"caption\":\"Andjela Radmilac\"},\"description\":\"Armed with a classical education and an eye for news, Andjela dove head deep into the crypto industry in 2018 after spending years covering politics.\",\"sameAs\":[\"https:\/\/twitter.com\/andjelaradmilac\"],\"jobTitle\":\"Senior Analyst\",\"worksFor\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/author\/andjela-radmilac\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Short-term holders are sitting on 1.3M BTC at a loss","description":"Bitcoin's drop wiped out all profits form short-term holders, with the cohort currently sitting on approximately 1.28 million BTC at a loss.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/","og_locale":"en_US","og_type":"article","og_title":"Short-term holders are sitting on 1.3M BTC at a loss","og_description":"Bitcoin's drop wiped out all profits form short-term holders, with the cohort currently sitting on approximately 1.28 million BTC at a loss.","og_url":"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/","og_site_name":"CryptoSlate","article_published_time":"2023-08-21T19:00:31+00:00","article_modified_time":"2023-08-21T19:08:43+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/bitcoin-1.jpg","type":"image\/jpeg"}],"author":"Andjela Radmilac","twitter_card":"summary_large_image","twitter_creator":"@andjelaradmilac","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Andjela Radmilac","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/"},"author":{"@type":"Person","@id":"https:\/\/cryptoslate.com\/author\/andjela-radmilac\/#person","name":"Andjela Radmilac","url":"https:\/\/cryptoslate.com\/author\/andjela-radmilac\/","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/author\/andjela-radmilac\/"},"image":{"@type":"ImageObject","@id":"https:\/\/cryptoslate.com\/author\/andjela-radmilac\/#authorimage","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-andjela-radmilac-300x300.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-andjela-radmilac-300x300.jpg","caption":"Andjela Radmilac"},"jobTitle":"Senior Analyst","description":"Andjela brings a classical education and politics background to crypto, where she has covered industry news since 2018.","worksFor":{"@id":"https:\/\/cryptoslate.com\/#organization"},"sameAs":["https:\/\/x.com\/andjelaradmilac","https:\/\/www.linkedin.com\/in\/andjelaradmilac","https:\/\/muckrack.com\/andjela-radmilac"]},"headline":"Short-term holders are sitting on 1.3M BTC at a loss","datePublished":"2023-08-21T19:00:31+00:00","dateModified":"2023-08-21T19:08:43+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/"},"wordCount":432,"commentCount":0,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"keywords":["bitcoin supply","short-term holders","short-term supply","unrealized loss"],"articleSection":["Research"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/#respond"]}],"copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/","url":"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/","name":"Short-term holders are sitting on 1.3M BTC at a loss","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2023-08-21T19:00:31+00:00","dateModified":"2023-08-21T19:08:43+00:00","description":"Bitcoin's drop wiped out all profits form short-term holders, with the cohort currently sitting on approximately 1.28 million BTC at a loss.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/short-term-holders-are-sitting-on-1-3m-btc-at-a-loss\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"Short-term holders are sitting on 1.3M BTC at a loss"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/cryptoslate.substack.com","https:\/\/t.me\/cryptoslatenews","https:\/\/www.crunchbase.com\/organization\/cryptoslate","https:\/\/iq.wiki\/wiki\/cryptoslate","https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ","https:\/\/muckrack.com\/media-outlet\/cryptoslate","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/advertising\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/699a3980d313687a5551af6b58862d08","name":"Andjela Radmilac","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-andjela-radmilac-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-andjela-radmilac-150x150.jpg","caption":"Andjela Radmilac"},"description":"Armed with a classical education and an eye for news, Andjela dove head deep into the crypto industry in 2018 after spending years covering politics.","sameAs":["https:\/\/twitter.com\/andjelaradmilac"],"jobTitle":"Senior Analyst","worksFor":"CryptoSlate","url":"https:\/\/cryptoslate.com\/author\/andjela-radmilac\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/351536"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/759"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=351536"}],"version-history":[{"count":3,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/351536\/revisions"}],"predecessor-version":[{"id":351674,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/351536\/revisions\/351674"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/351539"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=351536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=351536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=351536"},{"taxonomy":"prediction_market_topic","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/prediction_market_topic?post=351536"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=351536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}