A Bitcoin analyst is saying that over 80% of people who bought Bitcoin recently are currently losing money. This is similar to what happened in 2018, 2019, and 2021, which all led to a drop in Bitcoin’s price.
Short-Term Pain, Long-Term Hope?
This analyst defines “short-term holders” as people who have owned Bitcoin for less than 155 days. While a lot of these short-term holders are losing money, the analyst says it’s not a huge loss. They haven’t lost a ton of money on average, so it might not be a big deal for them.
Long-Term Holders are Still Happy
The good news is that most people who have held Bitcoin for a long time are still making money. In fact, 81% of Bitcoin investors are in the green right now.
Miners are Feeling the Heat
The analyst also pointed out that Bitcoin miners are making less money than they used to. They are still making a profit, but it’s getting close to being unprofitable.
Overall, the situation for Bitcoin looks a little shaky right now, but it’s not a complete disaster. Long-term investors are still doing well, and miners are still making money, so it’s not a complete meltdown.
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