Data: The amount of Bitcoin held at a loss by short-term holders has risen to its highest level since the FTX crash.

According to CoinDesk, Glassnode data shows that short-term Bitcoin holders (those holding for less than 155 days) currently hold a total of 2.8 million Bitcoins, almost all of which are now at a loss. This loss is the largest since the FTX crash in November 2022, when Bitcoin was trading at nearly $15,000 per coin. On June 15th (155 days ago), Bitcoin was trading at $104,000, meaning that almost all Bitcoins purchased since then are currently trading below their purchase price. In contrast to short-term holders, long-term holders continue to reduce 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 16th, a reduction of 452,532 coins. Fragrant board member Nicholas Gregory stated, "Many long-term holders are choosing to sell in 2025 after years of accumulation, and these sell-offs are mostly driven by lifestyle changes rather than negative views of the assets themselves. The launch of US ETFs and the $100,000 price target have created a highly attractive and liquid window for these sell-offs."