{"id":15099,"date":"2024-07-10T15:15:15","date_gmt":"2024-07-10T12:15:15","guid":{"rendered":"https:\/\/forklog.com\/en\/majority-of-speculators-face-profit-losses-experts-report\/"},"modified":"2024-07-10T15:15:15","modified_gmt":"2024-07-10T12:15:15","slug":"majority-of-speculators-face-profit-losses-experts-report","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/majority-of-speculators-face-profit-losses-experts-report\/","title":{"rendered":"Majority of Speculators Face Profit Losses, Experts Report"},"content":{"rendered":"<p>Bitcoin&#8217;s plunge into its deepest correction since the end of 2022, falling below the 200 <span data-descr=\"day moving average\" class=\"old_tooltip\">DMA<\/span>, has resulted in unrealized losses for a significant portion of short-term investors, according to Glassnode.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Following several months of sideways price action, <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> has experienced its deepest correction since late 2022, trading below the 200DMA, and putting a significant number of Short-Term Holders into an unrealized loss.<\/p>\n<p>Discover more in the latest Week On-Chain below?\u2026 <a href=\"https:\/\/t.co\/tzrYFjGisP\">pic.twitter.com\/tzrYFjGisP<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/1810982287854449051?ref_src=twsrc%5Etfw\">July 10, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to experts&#8217; calculations, a 26% price drop from the <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span> has rendered 2.9 million BTC out of 3.2 million BTC as &#8216;in loss&#8217;.<\/p>\n<p>Despite increased financial pressure on speculators, the scale of realized losses remains moderate relative to market capitalization.<\/p>\n<p>Analysts noted that the relatively small correction indicates a strengthening market structure and reduced volatility as cryptocurrencies mature as an asset class.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"589\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1098-1024x589.png\" alt=\"1-1098\" class=\"wp-image-236657\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1098-1024x589.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1-1098-300x173.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-1098-768x442.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1-1098-1536x884.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/1-1098.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Glassnode.<\/figcaption><\/figure>\n<p>Based on the halving, the current cycle is one of the worst, despite the first-ever rise to ATH just before the miners&#8217; reward was halved.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"589\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-831-1024x589.png\" alt=\"2-831\" class=\"wp-image-236666\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-831-1024x589.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/2-831-300x173.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2-831-768x442.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/2-831-1536x884.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/2-831.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Glassnode.<\/figcaption><\/figure>\n<p>Analysts explained that during sustained bull markets, the local bottom coincides with the moment when the &#8216;in loss&#8217; number of coins held by speculators ranges from 1 million BTC to 2 million BTC. In extreme cases, this figure can reach 3 million BTC.<\/p>\n<p>In the latest sell-off to $53,000, the volume of coins held below their cost exceeded 2.8 million BTC (83% of the total supply). According to specialists, this is the second such episode in the last 12 months. The previous one was in August 2023 (over 2 million BTC).<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"589\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-471-1024x589.png\" alt=\"3-471\" class=\"wp-image-236659\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-471-1024x589.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/3-471-300x173.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/3-471-768x442.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/3-471-1536x884.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/3-471.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Glassnode.<\/figcaption><\/figure>\n<p>Experts estimate that speculators have held over 2 million &#8216;in loss&#8217; bitcoins for the past 20 days. This is a relatively small figure.<\/p>\n<p>In the second and third quarters of 2021, a much larger portion of short-term holders experienced acute financial stress for 70 consecutive days. This period was strong enough to break sentiment and pave the way for the 2022 bear market, Glassnode noted.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"590\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/4-303-1024x590.png\" alt=\"4-303\" class=\"wp-image-236660\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/4-303-1024x590.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/4-303-300x173.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/4-303-768x443.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/4-303-1536x885.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/4-303.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Glassnode.<\/figcaption><\/figure>\n<p>Separately, specialists assessed the realized losses of short-term investors at $595 million. This figure is the highest since the cycle low of 2022. Only 52 out of 5655 trading days (< 1%) saw a higher daily loss, highlighting the severity of this correction in dollar terms, analysts added.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"589\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/6-141-1024x589.png\" alt=\"6-141\" class=\"wp-image-236665\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/6-141-1024x589.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/6-141-300x173.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/6-141-768x442.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/6-141-1536x884.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/6-141.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Glassnode.<\/figcaption><\/figure>\n<p>The opposite picture emerges when these losses are normalized to the total invested capital (Realized Cap). The recorded losses for this market segment remain typical compared to previous corrections.<\/p>\n<p>In the chart below, experts highlighted in blue the periods when both the percentage of &#8216;in loss&#8217; coins and the magnitude of realized losses deviated from the mean by more than one standard deviation.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"589\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/7-86-1024x589.png\" alt=\"7-86\" class=\"wp-image-236664\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/7-86-1024x589.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/7-86-300x173.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/7-86-768x442.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/7-86-1536x884.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/7-86.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Glassnode.<\/figcaption><\/figure>\n<p>In conclusion, Glassnode assessed the total realized losses of speculators and hodlers at less than 36% of the total invested capital.<\/p>\n<p>During the capitulation events of September 2019, March 2020, and May 2021, the figure exceeded 60% for several weeks. In other words, long-term investors remain profitable despite the market &#8216;hysteria&#8217;, experts added.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"589\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/8-64-1024x589.png\" alt=\"8-64\" class=\"wp-image-236663\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/8-64-1024x589.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/8-64-300x173.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/8-64-768x442.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/8-64-1536x884.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/8-64.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Glassnode.<\/figcaption><\/figure>\n<p>In 10x Research, a drop in Bitcoin to $50,000 was considered possible due to the sharp change in sentiment.<\/p>\n<p>Meanwhile, technical analyst Peter Brandt did not rule out a decline in the first cryptocurrency&#8217;s rate to $44,000.<\/p>\n<p>Standard Chartered maintained expectations of a return to ATH in August and subsequent growth to $100,000 by the US presidential elections in November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s plunge into its deepest correction since the end of 2022, falling below the 200 DMA, has resulted in unrealized losses for a significant portion of short-term investors, according to Glassnode. Following several months of sideways price action, #Bitcoin has experienced its deepest correction since late 2022, trading below the 200DMA, and putting a significant [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1273,1150,1268],"class_list":["post-15099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-glassnode","tag-news-plus","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15099"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15098"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}