星球日报|May 12, 2026 12:20
[Glassnode: Long-term holders have not experienced historical-level stress in BTC; this correction is far below deep bear market levels]
Odaily Planet Daily reports that Glassnode posted data on the X platform showing that Bitcoin long-term holders (LTH) saw relative unrealized losses reach approximately 15% in early April. Compared to historical deep bear market cycles where this metric exceeded 75%, the impact of this market correction on long-term holders has been significantly lighter. Analysis indicates that although recent price pullbacks have caused some unrealized losses, overall stress remains far below historical cycle lows, suggesting that the current downturn has not posed a substantial test to the conviction of long-term holders. Structurally, this adjustment leans more toward mid-term fluctuations rather than a full-scale cyclical capitulation event.
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