[Analyst: Bitcoin Short-Term Holders' Loss Percentage Rises to 73%, Trapped Positions May Continue to Suppress Rebound] BlockBeats reported on November 15th that crypto analyst Murphy stated that the current Bitcoin correction has pushed the percentage of short-term holders holding losing positions (STH-PSIL) to 73%. In comparison, during the previous correction, amidst interest rate hikes and a traditional banking crisis, this indicator was 51% in the first correction and rose to 67% in the second. Murphy calls this current trend a "bottoming out," comparing it to the market conditions of 2019-2020. In the first correction of 2019, this indicator once rose to 97%, and the market took about a year to recover. Murphy believes there is no need for excessive pessimism at present, but investor confidence has been damaged. A large amount of trapped capital above the current price level may continue to exert selling pressure when the price rebounds to key levels, making this round of recovery more difficult than in 2019. He stated that he heavily invested in BTC between February and June, and despite the current price being close to his cost basis, he has no plans to sell. [Original Link]