Longer-term Bitcoin holder losses hit two-year highs
Calculated by measuring the value of coins deposited to exchanges, aggregated realized losses from long-term holders (holder that has not moved their coins for at least 155 days) of Bitcoin (BTC) exceeded 0.006% of the market capitalization by May 29, according to Glassnode’s The Week Onchain report from June 6.
Glassnode writes that LTH losses now resemble those from previous bear markets, but that they need to continue for a longer period of time before being truly comparable.