Glassnode: Nearly all Bitcoin held by short-term holders is at a loss, reaching the highest level since the FTX collapse.

ChainCatcher news, according to CoinDesk, Glassnode data shows that short-term bitcoin holders (holding for less than 155 days) currently hold a total of 2.8 million bitcoins, almost all of which are now in a loss position. This scale of loss has reached its highest level since the FTX collapse in November 2022, when bitcoin was trading at around $15,000 per coin. On June 15 (155 days ago), bitcoin was trading at $104,000, which means that almost all bitcoins purchased since then are currently priced below their purchase price.

In contrast to short-term holders, long-term holders continue to reduce their holdings. Glassnode data shows that the number of bitcoins held by long-term holders has decreased from 14,755,530 in July to 14,302,998 on November 16, a reduction of 452,532 bitcoins.

Nicholas Gregory, board director of Fragrant, stated, "Many long-term holders choose to sell in 2025 after years of accumulation. Most of these sales are due to lifestyle changes rather than a negative view of the asset itself. The launch of US ETFs and the $100,000 price target have created a highly attractive and liquid window for selling."