Amidst the steadfast Crypto Winter that has pumped an enormous amount of FUD into the crypto space, market indicators have not looked very favorable in recent times. In what appears to be the latest in a long line of inauspicious pointers, long-term holders of BTC are currently feeling the heat brought by the bear market, as they record an aggregate loss of 14%.
The LTH-SOPR shows LTHs have an average loss of 33%
The Long-Term Holder (LTH) Cost Basis is an indicator that shows the average price at which long-term holders of an asset purchased it. On this basis, if the asset’s price movement drops below the LTH Cost Basis, it indicates that the holders are currently suffering a loss.
The long-term holders of BTC are racking in an unrealized loss of 14% with an LTH Cost Basis value of 0.86, as the asset price sinked below expected levels. The last time BTC holders suffered a similar fate was in the 2019 bear market that lasted for over 19 weeks. At that point, long-term holders saw a...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...