It's not a pretty picture for BTC hodlers this Christmas, with unrealized losses beating records.
Data from on-chain analytics firmNew or old, Bitcoin hodlers nurse serious lossesIts descent to levels last seen two years ago has created problems for hodlers who bought in more recently — logically, they are nursing negative returns on their positions.
The pain runs deeper than that, however, and Glassnode now shows the extent of unrealized losses plaguing newcomers and old hands alike. For both short-term holders and long-term holders , current BTC price levels are a nightmare. STHs and LTHs are defined as entities hodling incoming coins for less than or more than 155 days, respectively.
According to the latest figures, as of Dec. 26, STH bitcoins held at a loss totaled 1,889,585 BTC, with the LTH tally at 6,057,858 BTC.This is a record in terms of percentage of the Bitcoin supply used by the tool, which excludes BTC held by exchanges.As Cointelegraph previously reported, hodlers were already in control of over 50% of the supply inWhat the future may hold for BTC price action, meanwhile, remains a topic of scrutiny.
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