Data: The number of Bitcoins held by short-term holders that are in a state of loss has risen to the highest level since the FTX collapse.

PANews, November 17 news, according to CoinDesk reports, Glassnode data shows that short-term Bitcoin holders (holding for less than 155 days) currently hold a total of 2.8 million Bitcoins, almost all of which are in a state of loss. This loss scale has reached the highest level since the FTX collapse in November 2022, when the trading price of Bitcoin was close to $15,000 per coin. And on June 15 (155 days ago), the trading price of Bitcoin was $104,000, which means that almost all Bitcoins purchased since then are currently priced lower than the purchase price. In contrast to short-term holders, long-term holders are still continuously reducing their holdings. Glassnode data shows that the number of Bitcoins held by long-term holders has decreased from 14,755,530 in July to 14,302,998 on November 16, a reduction of 452,532. Nicholas Gregory, a director of Fragrant's board, stated, “Many long-term holders choose to sell in 2025 after years of accumulation; these sell-offs are mostly due to lifestyle changes rather than a negative view of the assets themselves. The launch of the US ETF and the $100,000 price target create a very attractive and liquid window for selling.”