Glassnode recorded the growth of “paper” losses of bitcoin-hoplings
The unrealized loss of the “average” long-term bitcoin investor reached 33%, Glassnode analysts shared calculations.
#Bitcoin Long -Term Holders are Currently Experiencing Acute Financial Stress, Holding An Average of -33% Inrealized Losses.
This is comparable to the Lows of the 2018 Bear Market, Which Saw a Peek Unrealized Loss of -36% On Average.
Experts indicated that the current value of the MVRV indicator corresponds to the situation of the 2018 bear market before its completion. Then the value of an unrealized loss among Hodler reached 36%.
Earlier, Glassnode analysts recorded a slight decrease in the balance of long -term investors against the background of FTX turbulence caused by collapse. This was a sign of confidence in the prospects of digital gold, they added.
Loss of confidence in bitcoin investors to centralized platforms expressed in an increase in balance among all market participants-from “shrimp” (less than 1 BTC) to whales (more than 1000 BTC), according to Glassnode November 8, 2022 .
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