Add as a preferred source on GoogleBitcoin Long-Term Holders Recorded $139 Million in Realized Losses on Nov. 5.
The measure was higher only in February and June over the past year, while short-term holders were mostly waiting rather than selling.
Bitcoin (BTC) long-term holders realized $139 million in losses on coins transferred to trading platforms Nov. 5, a daily total surpassed only in February and June over the past year.
The long-term holder realized-loss measure, known as LTH-RLTE, reached its two higher readings during periods of greater fear.
Short-term holders had an average cost of about $75,000 to $76,000. Most were waiting rather than selling, having completed most of their coin turnover earlier in the year.
On-chain analyst Murphy said investors appeared reluctant to realize losses but felt compelled to sell, and that sentiment could recover if they gradually recognized conditions were less severe than expected.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.