{"id":58228,"date":"2022-02-22T13:13:40","date_gmt":"2022-02-22T11:13:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58228"},"modified":"2025-09-04T15:42:41","modified_gmt":"2025-09-04T12:42:41","slug":"glassnode-analysts-flag-risks-of-further-bitcoin-price-decline","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/glassnode-analysts-flag-risks-of-further-bitcoin-price-decline\/","title":{"rendered":"Glassnode analysts flag risks of further bitcoin price decline"},"content":{"rendered":"<p>Expectations of a Fed rate hike and geopolitical tension are feeding bitcoin investors&#8217; pessimism and heightening the prospect of selling loss-making coins. Glassnode analysts say.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> Short-Term Holders currently own 54.5% of all coins held at an unrealized loss (2.56M <a href=\\\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BTC<\/a>), creating sell-side headwinds for price.<\/p>\n<p>Read our full analysis in The Week On-chain\ud83d\udc47<a href=\\\"https:\/\/t.co\/Abu50X7X6N\\\">https:\/\/t.co\/Abu50X7X6N<\/a> <a href=\\\"https:\/\/t.co\/2HLw7BC8xU\\\">pic.twitter.com\/2HLw7BC8xU<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\\\"https:\/\/twitter.com\/glassnode\/status\/1495782900675010567?ref_src=twsrc%5Etfw\\\">February 21, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The bearish trend is confirmed by on-chain indicators: the number of active Bitcoin addresses has fallen to the lower bound of the corridor. This signals softening demand for the asset. The expanding range of this corridor has been marked by a rising share of hodlers since 2018.<\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"590\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-625-1024x590.png\\\" alt=\\\"\u0410\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0438 Glassnode \u0443\u043a\u0430\u0437\u0430\u043b\u0438 \u043d\u0430 \u0440\u0438\u0441\u043a\u0438 \u043f\u0440\u043e\u0434\u043e\u043b\u0436\u0435\u043d\u0438\u044f \u043f\u0430\u0434\u0435\u043d\u0438\u044f \u0446\u0435\u043d\u044b \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430\\\" class=\\\"wp-image-166123\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-625-1024x590.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1-625-300x173.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-625-768x443.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1-625-1536x885.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/1-625.png 1600w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Source: Glassnode.<\/figcaption><\/figure>\n<\/div>\n<p>\u0414\u043e\u043b\u044f \u043d\u0430\u0445\u043e\u0434\u044f\u0449\u0438\u0445\u0441\u044f \u0432 \u043f\u0440\u0438\u0431\u044b\u043b\u0438 \u0431\u0438\u0442\u043a\u043e\u0438\u043d-\u0438\u043d\u0432\u0435\u0441\u0442\u043e\u0440\u043e\u0432 \u043a\u043e\u043b\u0435\u0431\u043b\u0435\u0442\u0441\u044f \u0432 \u043a\u043e\u0440\u0438\u0434\u043e\u0440\u0435 65,78% \u0438 76,7%. \u041f\u043e\u0440\u044f\u0434\u043a\u0430 10,9% \u0432\u044b\u043f\u0443\u0449\u0435\u043d\u043d\u044b\u0445 \u043c\u043e\u043d\u0435\u0442 \u0443\u0447\u0430\u0441\u0442\u043d\u0438\u043a\u0438 \u0440\u044b\u043d\u043a\u0430 \u043f\u0440\u0438\u043e\u0431\u0440\u0435\u043b\u0438 \u043f\u043e \u0446\u0435\u043d\u0435 \u043e\u0442 $33 500 \u0434\u043e $44 600. \u041f\u0440\u0438 \u0443\u0441\u043b\u043e\u0432\u0438\u0438 \u0432\u043e\u0441\u0441\u0442\u0430\u043d\u043e\u0432\u043b\u0435\u043d\u0438\u044f \u0446\u0435\u043d\u044b \u043c\u043e\u0436\u0435\u0442 \u0443\u0441\u0438\u043b\u0438\u0442\u044c\u0441\u044f \u0434\u0430\u0432\u043b\u0435\u043d\u0438\u0435 \u043f\u0440\u043e\u0434\u0430\u0432\u0446\u043e\u0432, \u043f\u043e\u0434\u0447\u0435\u0440\u043a\u043d\u0443\u043b\u0438 \u0432 Glassnode.<\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"589\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/2-520-1024x589.png\\\" alt=\\\"\u0410\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0438 Glassnode \u0443\u043a\u0430\u0437\u0430\u043b\u0438 \u043d\u0430 \u0440\u0438\u0441\u043a\u0438 \u043f\u0440\u043e\u0434\u043e\u043b\u0436\u0435\u043d\u0438\u044f \u043f\u0430\u0434\u0435\u043d\u0438\u044f \u0446\u0435\u043d\u044b \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430\\\" class=\\\"wp-image-166124\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/2-520-1024x589.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/2-520-300x173.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2-520-768x442.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/2-520-1536x884.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/2-520.png 1600w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Source: Glassnode.<\/figcaption><\/figure>\n<\/div>\n<p>More broadly, unrealized losses are borne by holders of 4.7 million BTC. 54.5% or 2.56 million BTC are held by short-term investors (holding periods of less than 155 days).<\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"589\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/3-315-1024x589.png\\\" alt=\\\"\u0410\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0438 Glassnode \u0443\u043a\u0430\u0437\u0430\u043b\u0438 \u043d\u0430 \u0440\u0438\u0441\u043a\u0438 \u043f\u0440\u043e\u0434\u043e\u043b\u0436\u0435\u043d\u0438\u044f \u043f\u0430\u0434\u0435\u043d\u0438\u044f \u0446\u0435\u043d\u044b \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430\\\" class=\\\"wp-image-166125\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/3-315-1024x589.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/3-315-300x173.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/3-315-768x442.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/3-315-1536x884.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/3-315.png 1600w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Source: Glassnode.<\/figcaption><\/figure>\n<\/div>\n<p>\u0421\u0440\u0435\u0434\u043d\u044f\u044f \u0441\u0442\u043e\u0438\u043c\u043e\u0441\u0442\u044c \u043f\u0440\u0438\u043e\u0431\u0440\u0435\u0442\u0435\u043d\u0438\u044f \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u043a\u0440\u0430\u0442\u043a\u043e\u0441\u0440\u043e\u0447\u043d\u044b\u043c\u0438 \u0438\u043d\u0432\u0435\u0441\u0442\u043e\u0440\u0430\u043c\u0438 \u0441\u043e\u0441\u0442\u0430\u0432\u043b\u044f\u0435\u0442 $47 200. \u041f\u0440\u0438 \u0446\u0435\u043d\u0435 \u043d\u0430 \u043c\u043e\u043c\u0435\u043d\u0442 \u043d\u0430\u043f\u0438\u0441\u0430\u043d\u0438\u044f ~$37 000 \u0438\u0445 \u043d\u0435\u0440\u0435\u0430\u043b\u0438\u0437\u043e\u0432\u0430\u043d\u043d\u044b\u0439 \u0443\u0431\u044b\u0442\u043e\u043a \u0434\u043e\u0441\u0442\u0438\u0433 21,6%.<\/p>\n<p>\u041f\u0435\u0440\u0432\u0430\u044f \u043c\u0435\u0442\u0440\u0438\u043a\u0430 \u043d\u0430\u0445\u043e\u0434\u0438\u0442\u0441\u044f \u0432\u044b\u0448\u0435 \u043e\u0442\u0440\u0430\u0436\u0430\u044e\u0449\u0435\u0433\u043e \u0441\u043f\u0440\u0430\u0432\u0435\u0434\u043b\u0438\u0432\u0443\u044e \u0446\u0435\u043d\u0443 \u0445\u043e\u0434\u043b\u0435\u0440\u043e\u0432 \u043f\u043e\u043a\u0430\u0437\u0430\u0442\u0435\u043b\u044f Liveliness price (\u0446\u0435\u043d\u044b \u0434\u0438\u043d\u0430\u043c\u0438\u0447\u043d\u043e\u0441\u0442\u0438) \u0441\u043e \u0437\u043d\u0430\u0447\u0435\u043d\u0438\u0435\u043c \u0432 $38 600. \u041c\u0435\u0434\u0432\u0435\u0436\u044c\u0438 \u0444\u0430\u0437\u044b 2013-2014 \u0438 2018 \u0433\u043e\u0434\u043e\u0432 \u0437\u0430\u043a\u0430\u043d\u0447\u0438\u0432\u0430\u043b\u0438\u0441\u044c, \u043a\u043e\u0433\u0434\u0430 \u044d\u0442\u0438 \u0441\u043a\u043e\u043b\u044c\u0437\u044f\u0449\u0438\u0435 \u0441\u0440\u0435\u0434\u043d\u0438\u0435 \u043f\u043e\u0432\u0442\u043e\u0440\u043d\u043e \u043f\u0435\u0440\u0435\u0441\u0435\u043a\u0430\u043b\u0438\u0441\u044c. \u0418\u043d\u044b\u043c\u0438 \u0441\u043b\u043e\u0432\u0430\u043c\u0438, \u0435\u0441\u0442\u044c \u0432\u0435\u0440\u043e\u044f\u0442\u043d\u043e\u0441\u0442\u044c \u0434\u0430\u043b\u044c\u043d\u0435\u0439\u0448\u0435\u0433\u043e \u0441\u043d\u0438\u0436\u0435\u043d\u0438\u044f \u0446\u0435\u043d\u044b, \u043f\u043e\u044f\u0441\u043d\u0438\u043b\u0438 \u044d\u043a\u0441\u043f\u0435\u0440\u0442\u044b.<\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"590\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/4-198-1024x590.png\\\" alt=\\\"\u0410\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0438 Glassnode \u0443\u043a\u0430\u0437\u0430\u043b\u0438 \u043d\u0430 \u0440\u0438\u0441\u043a\u0438 \u043f\u0440\u043e\u0434\u043e\u043b\u0436\u0435\u043d\u0438\u044f \u043f\u0430\u0434\u0435\u043d\u0438\u044f \u0446\u0435\u043d\u044b \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430\\\" class=\\\"wp-image-166126\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/4-198-1024x590.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/4-198-300x173.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/4-198-768x443.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/4-198-1536x885.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/4-198.png 1600w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Source: Glassnode.<\/figcaption><\/figure>\n<\/div>\n<p>\u0414\u043b\u044f \u0441\u043d\u0438\u0436\u0435\u043d\u0438\u044f \u0440\u0438\u0441\u043a\u043e\u0432 \u043f\u0440\u043e\u0434\u043e\u043b\u0436\u0435\u043d\u0438\u044f \u0434\u0430\u0443\u043d\u0442\u0440\u0435\u043d\u0434\u0430 \u0446\u0435\u043d\u0435 \u043d\u0435\u043e\u0431\u0445\u043e\u0434\u0438\u043c\u043e \u043f\u0440\u0438\u0431\u043b\u0438\u0437\u0438\u0442\u044c\u0441\u044f \u043a \u0434\u0438\u0430\u043f\u0430\u0437\u043e\u043d\u0443 \u0432 $42 000-$50 000. \u0412 \u044d\u0442\u043e\u043c \u043a\u043e\u0440\u0438\u0434\u043e\u0440\u0435 \u0441\u043e\u0441\u0440\u0435\u0434\u043e\u0442\u043e\u0447\u0435\u043d\u0430 \u043e\u0441\u043d\u043e\u0432\u043d\u0430\u044f \u043c\u0430\u0441\u0441\u0430 \u0443\u0434\u0435\u0440\u0436\u0438\u0432\u0430\u0435\u043c\u044b\u0445 \u0441\u043f\u0435\u043a\u0443\u043b\u044f\u043d\u0442\u0430\u043c\u0438 \u043c\u043e\u043d\u0435\u0442. \u0412 \u043d\u0430\u0441\u0442\u043e\u044f\u0449\u0438\u0439 \u043c\u043e\u043c\u0435\u043d\u0442 \u043e\u043d\u0438 \u043f\u0440\u0435\u0434\u0441\u0442\u0430\u0432\u043b\u044f\u044e\u0442 \u0441\u043e\u0431\u043e\u0439 \u0438\u0441\u0442\u043e\u0447\u043d\u0438\u043a \u0434\u0430\u0432\u043b\u0435\u043d\u0438\u044f \u043f\u0440\u043e\u0434\u0430\u0436 \u0432 \u043e\u0442\u0441\u0443\u0442\u0441\u0442\u0432\u0438\u0435 \u044d\u043a\u0432\u0438\u0432\u0430\u043b\u0435\u043d\u0442\u043d\u043e\u0433\u043e \u0443\u0441\u0438\u043b\u0435\u043d\u0438\u044f \u0441\u043f\u0440\u043e\u0441\u0430, \u043f\u0440\u0435\u0434\u0443\u043f\u0440\u0435\u0434\u0438\u043b\u0438 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0438.  <\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-large is-resized\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/5-119-1024x578.png\\\" alt=\\\"\u0410\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0438 Glassnode \u0443\u043a\u0430\u0437\u0430\u043b\u0438 \u043d\u0430 \u0440\u0438\u0441\u043a\u0438 \u043f\u0440\u043e\u0434\u043e\u043b\u0436\u0435\u043d\u0438\u044f \u043f\u0430\u0434\u0435\u043d\u0438\u044f \u0446\u0435\u043d\u044b \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430\\\" class=\\\"wp-image-166127\\\" width=\\\"840\\\" height=\\\"474\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/5-119-1024x578.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/5-119-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/5-119-768x433.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/5-119-1536x867.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/5-119.png 1600w\\\" sizes=\\\"auto, (max-width: 840px) 100vw, 840px\\\" \/><figcaption>Source: Glassnode.<\/figcaption><\/figure>\n<\/div>\n<p>The Huobi co-founder <a href=\"https:\/\/u1f987.com\/en\/news\/huobi-cofounder-predicts-bitcoin-bear-market-until-end-2024\">predicted<\/a> bitcoin to enter a bear market by the end of 2024.<\/p>\n<p>Earlier, Pantera Capital CEO Dan Morehead <a href=\"https:\/\/u1f987.com\/en\/news\/pantera-capital-ceo-says-cryptocurrencies-are-the-best-asset-for-preserving-wealth\">called<\/a> cryptocurrencies the best store of wealth after the Fed&#8217;s rate-hiking cycle ends.<\/p>\n<p> <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\"> YouTube<\/a> channel! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Expectations of a Fed rate hike and geopolitical tension are feeding bitcoin investors&#8217; pessimism and heightening the prospect of selling loss-making coins. Glassnode analysts say.<\/p>\n","protected":false},"author":1,"featured_media":58229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1273,1145],"class_list":["post-58228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-glassnode","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58228","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=58228"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58228\/revisions"}],"predecessor-version":[{"id":58230,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58228\/revisions\/58230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/58229"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=58228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=58228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=58228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}