The Bitcoin (BTC) market was very volatile last week and under a strong declining impact. During this period, Bitcoin decreased by more than 15 % fell to $ 80,000. Interestingly, Glassnode analyzes have provided an in -depth analysis of investor behavior amid this low price that highlights the regiment with the largest achieved losses.
BTC for one day to 1 weeks of lead holders for market filtering pressure
On Friday, February 28, Bitcoin fell to less than $ 80,000, reaching the last price level in November 2024. In response, the BTC market recorded $ 685 million in verified losses in addition to the first $ 2.16 billion between 25 and 27 February. in Another x postGlassnode analysts in the market sale process on Friday, indicating that this last surrender is mainly concentrated among short -term holders (STH) who realize losses at a much higher rate than their owners in the long run.
From the Glassnode report, the most affected group of Sth was the new expatriates in the market over the past week as shown in the following data: from one day to 1 week with $ 238.8 million of losses, 1 week to one to 24 hours (187.6 million dollars), and pregnant women 1 months to 3 months (132.4 million dollars) and 24 hours ($ 104.9). However, it should be noted that holders of the past 3-6 have also witnessed a significant increase in real losses. This group recorded $ 12.7 million in real losses on Friday, representing 95.4 % profit from the previous day.
Looking further, the Glassnode report also realized that the price fell on Friday also pushed the Bitcoin loss rate to $ 57.1 million per hour. The speed of perception of each group of Sth- which represents the majority of market losses is as follows: 1 day to 1 week with 19.9 million dollars/h, 1 week to 1 months (13.9 million dollars/h), and 1 months to 3 months (14.2 million dollars/h) and 24 hours (8.04 dollars/h).
As expected, the regiment for one to one week is the dominant force in the liquidity pressure steering with the rate of loss of almost twice the next group.
Bitcoin holders remain firm
According to more data from the Glassnode report, Bitcoin holders showed in the long term from 6 to 12 months minimal and slim loss despite the market surrender on a large scale.
This development indicates that the long -term investors have not been largely removed through the recent sale and prices with strong confidence in the recovery of the market. At the time of the press, Bitcoin is trading $ 8,200 after some price recovery on Friday. However, its weekly losses remain 11.34 %, which indicates the current declining step in the market.
Distinctive image from Getty Images, the tradingvief chart
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